MARC record from Internet Archive

LEADER: 01967nam 2200397Ia 4500
001 ocn471831506
003 OCoLC
005 20091201132656.0
008 091201s1984 cau bt f000 0 eng d
007 cr bn|||||||||
040 $aAD#$cAD#
037 $aADA147210$bDTI
086 0 $aD 208.14/2:NPS-53-85-0001
088 $aNPS-53-85-0001
049 $aAD#A
100 1 $aOwen, Guillermo.
245 10 $aPari-mutuel as a system of aggregation of information /$cby Guillermo Owen.
260 $aMonterey, California :$bNaval Postgraduate School,$c1984.
300 $a24 p. ;$c28 cm.
500 $aTitle from cover.
500 $a"Prepared for: Chief of Naval Research"--Cover.
500 $a"October 1984"--Cover.
500 $a"Technical report for period March 1984 - September 1984"--Cover.
500 $a"NPS-53-85-0001"--Cover.
500 $aAuthor(s) key words: Group decision, group probability, pari-mutuel.
504 $aIncludes bibliographical references (p. 23).
506 $a"Approved for public release; distribution unlimited"--Cover.
513 $aTechnical report; 1984.
520 $aA bettor is faced with the problem of choosing optimal bets, given his (subjective) probabilities of outcomes of an experiment and the payoff odds on these outcomes. Conversely, a bookie (pari-mutuel system), faced by several bettors with different subjective probabilities, has the problem of choosing payoff odds so as to avoid the risk of loss. It is shown that, under certain reasonably broad conditions on the several bettors' utilities and subjective probabilities, such an equilibrium set of payoff odds always exists. Some examples are worked out in detail.
592 $akmc/kmc 12/1/09.
650 0 $aPari-mutuel betting.
650 0 $aGroup decision making.
710 2 $aNaval Postgraduate School (U.S.)
994 $aC0$bAD#
592 $aaq/aq cc:9116 12/10/98
926 $aNPS-LIB$bDIGIPROJ$cD 208.14/2:NPS-53-85-0001$dTECH_RPT$eNEVER$f1