Koessler, Frederic; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004
This paper examines finite parimutuel betting games with asymmetric information, with particular attention to differences between sequential and simultaneous settings, and between fully rational and myopic ("price taking") behavior. In the simultaneous parimutuel market, all (symmetric and...