A Model of Casino Gambling Nicholas Barberis Yale University February 2009 - PDF document

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A Model of Casino Gambling Nicholas Barberis Yale University February 2009
A Model of Casino Gambling Nicholas Barberis Yale University February 2009

A Model of Casino Gambling Nicholas Barberis Yale University February 2009 - Description


In this paper we show that prospect theory can oper a rich theory of gambling one that captures many features of actual gambling behavior First we demonstrate that for a wide range of parameter values a prospect theory agent would be willing to gamble in a casino even if the casino only o ID: 913 Download Pdf

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