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Risk-Bearing in a Winner-Take-All Contest
http://hdl.handle.net/10959/671
http://hdl.handle.net/10959/671561a0cca-f2c5-4e12-9c0c-32227eabbdec
名前 / ファイル | ライセンス | アクション |
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Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||
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公開日 | 2012-03-15 | |||||
タイトル | ||||||
タイトル | Risk-Bearing in a Winner-Take-All Contest | |||||
言語 | en | |||||
言語 | ||||||
言語 | eng | |||||
資源タイプ | ||||||
資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||
資源タイプ | departmental bulletin paper | |||||
著者 |
ディミトリ, リティシェフ
× ディミトリ, リティシェフ |
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抄録 | ||||||
内容記述タイプ | Abstract | |||||
内容記述 | A parsimonious model is used to explore the risk-bearing decision under a payoff structure that emphasizes relative performance. Equilibrium betting amounts are derived for players who start with unequal endowments and face a lottery that offers either a positive or negative expected return. If the lottery offers negative expected return, disadvantaged players are willing to risk a portion of their endowment, and this induces advantaged players to also gamble, defensively. Although there are equilibria in which the advantaged preemptively gamble more than the disadvantaged, in the robust equilibrium it is the disadvantaged who make the larger bets. If the lottery offers positive expected return, there are equilibria in which the advantaged invest less than the disadvantaged, but full investment by all players is a more robust equilibrium. | |||||
書誌情報 |
ja : 學習院大學經濟論集 en : The journal of Faculty of Economics, Gakushuin University 巻 45, 号 1, p. 65-79, 発行日 2008-04 |
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出版者 | ||||||
出版者 | 学習院大学経済学会 | |||||
言語 | ja | |||||
ISSN | ||||||
収録物識別子タイプ | PISSN | |||||
収録物識別子 | 00163953 | |||||
書誌レコードID | ||||||
収録物識別子タイプ | NCID | |||||
収録物識別子 | AN00038827 | |||||
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内容記述タイプ | Other | |||||
内容記述 | application/pdf | |||||
著者版フラグ | ||||||
出版タイプ | VoR | |||||
出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||
URI | ||||||
識別子 | http://hdl.handle.net/10959/671 | |||||
識別子タイプ | HDL |