Testing risklove in an experimental racetrack

Article Abstract:

The Asch-Quandt Betting Hypothesis is tested through an experiment by postulating that racetrack betting is only a consumption activity. The experimental racetrack designed only allowed off-track betting where consumption activity was removed. Observed betting behavior is hypothesized to be consistent with prospect theory and its expected utility theory.

Race Tracks NEC, Consumption (Economics), Racetracks (Horse racing), Utility theory, Utility functions, Racetracks (Horse-racing)

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Do tournaments solve the two-sided moral hazard problem?

Article Abstract:

Performance evlauation is assessed using two-part tournaments, with moral hazard and multiple agents.

Economics, Research and Development in the Social Sciences and Humanities, Management Theory & Techniques, Business, Management, Business research, Performance contracts

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The effort effects of prizes in the second half of tournaments

Article Abstract:

The impact of incentives of prize money in Arabian horse racing is examined.

United States, Thoroughbred Racing, Horse racing, Horse-racing

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