Bookmaker's dilemma

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dc.contributor.authorHaugen, K. K.
dc.coverage.issue2cs
dc.coverage.volume4cs
dc.date.accessioned2016-08-23T07:53:32Z
dc.date.available2016-08-23T07:53:32Z
dc.date.issued2015cs
dc.description.abstractIn this paper, a game between two bookmakers is analysed. The simple game involves high or low odds strategies for each bookmaker, and an inherent Prisoner's Dilemma structure is revealed. However, this structure may be partially resolved given parametric changes in pro t structures that might lead to a “Stag Hunt Game". An argument for possible bookmaker arbitrage is added. Although this argument is well known, it is sparsely treated in research literature. A proof of the necessity of di ering beliefs between gamblers to obtain bookmaker arbitrage is added.en
dc.formattextcs
dc.format.extent101-108cs
dc.format.mimetypeapplication/pdfen
dc.identifier.citationMathematics for Applications. 2015 vol. 4, č. 2, s. 101-108. ISSN 1805-3629cs
dc.identifier.doi10.13164/ma.2015.08en
dc.identifier.issn1805-3629
dc.identifier.urihttp://hdl.handle.net/11012/63091
dc.language.isoencs
dc.publisherVysoké učení technické v Brně, Fakulta strojního inženýrství, Ústav matematikycs
dc.relation.ispartofMathematics for Applicationsen
dc.relation.urihttp://ma.fme.vutbr.cz/archiv/4_2/ma_4_2_haugen_final.pdfcs
dc.rights© Vysoké učení technické v Brně, Fakulta strojního inženýrství, Ústav matematikycs
dc.rights.accessopenAccessen
dc.titleBookmaker's dilemmaen
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
eprints.affiliatedInstitution.departmentÚstav matematikycs
eprints.affiliatedInstitution.facultyFakulta strojního inženýrstvícs
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