{"id":"https://openalex.org/W2613488573","doi":null,"title":"Pre-Decision Side-Bet Sequences","display_name":"Pre-Decision Side-Bet Sequences","publication_year":2017,"publication_date":"2017-04-01","ids":{"openalex":"https://openalex.org/W2613488573","mag":"2613488573"},"language":"en","primary_location":{"id":"pmh:oai:eprints.lancs.ac.uk:85873","doi":null,"is_oa":false,"landing_page_url":"https://eprints.lancs.ac.uk/id/eprint/85873/1/LancasterWP2017_010.pdf","pdf_url":"https://eprints.lancs.ac.uk/id/eprint/85873/1/LancasterWP2017_010.pdf","source":{"id":"https://openalex.org/S4306401916","display_name":"Lancaster EPrints (Lancaster University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I67415387","host_organization_name":"Lancaster University","host_organization_lineage":["https://openalex.org/I67415387"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"Monograph"},"volume":null,"type":"book","indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://eprints.lancs.ac.uk/id/eprint/132484/1/Pre_DecisionSide_BetSequences_v04_with_title_page.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5070587276","display_name":"Kim Kaivanto","orcid":"https://orcid.org/0000-0002-5309-4157","observed_orcids":["https://orcid.org/0000-0002-5309-4157"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Kim Kaivanto","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-5309-4157","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5006978243","display_name":"David Alan Peel","orcid":"https://orcid.org/0000-0001-5281-2041","observed_orcids":["https://orcid.org/0000-0001-5281-2041"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"David Peel","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-5281-2041","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.01104972,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"39","issue":"1","first_page":"533","last_page":"539"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10646","display_name":"Experimental Behavioral Economics Studies","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11413","display_name":"Risk and Portfolio Optimization","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/expected-utility","display_name":"expected utility","score":0.6579999923706055},{"id":"https://openalex.org/keywords/risk-aversion","display_name":"risk aversion","score":0.9369999766349792},{"id":"https://openalex.org/keywords/stake-size","display_name":"stake size","score":0.5720000267028809},{"id":"https://openalex.org/keywords/convex-hull","display_name":"convex hull","score":0.8220000267028809},{"id":"https://openalex.org/keywords/diminishing-returns","display_name":"diminishing returns","score":0.3009999990463257}],"concepts":[{"id":"https://openalex.org/C2776957806","wikidata":"https://www.wikidata.org/wiki/Q4895105","display_name":"Interim","level":2,"score":0.7736022472381592},{"id":"https://openalex.org/C72134830","wikidata":"https://www.wikidata.org/wiki/Q5166524","display_name":"Convexity","level":2,"score":0.6826931238174438},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5552451610565186},{"id":"https://openalex.org/C2986080485","wikidata":"https://www.wikidata.org/wiki/Q1331926","display_name":"Decision maker","level":2,"score":0.5390197038650513},{"id":"https://openalex.org/C14036430","wikidata":"https://www.wikidata.org/wiki/Q3736076","display_name":"Function (biology)","level":2,"score":0.4439205825328827},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.3723509609699249},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3372696340084076},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.15658214688301086},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.10222125053405762},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.06176796555519104},{"id":"https://openalex.org/C78458016","wikidata":"https://www.wikidata.org/wiki/Q840400","display_name":"Evolutionary biology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C539667460","wikidata":"https://www.wikidata.org/wiki/Q2414942","display_name":"Management science","level":1,"score":0.0}],"mesh":[],"locations_count":6,"locations":[{"id":"pmh:oai:eprints.lancs.ac.uk:85873","doi":null,"is_oa":false,"landing_page_url":"https://eprints.lancs.ac.uk/id/eprint/85873/1/LancasterWP2017_010.pdf","pdf_url":"https://eprints.lancs.ac.uk/id/eprint/85873/1/LancasterWP2017_010.pdf","source":{"id":"https://openalex.org/S4306401916","display_name":"Lancaster EPrints (Lancaster University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I67415387","host_organization_name":"Lancaster University","host_organization_lineage":["https://openalex.org/I67415387"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"Monograph"},{"id":"pmh:oai:RePEc:ebl:ecbull:eb-18-00863","doi":null,"is_oa":false,"landing_page_url":"http://www.accessecon.com/Pubs/EB/2019/Volume39/EB-19-V39-I1-P53.pdf","pdf_url":"http://www.accessecon.com/Pubs/EB/2019/Volume39/EB-19-V39-I1-P53.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:lan:wpaper:163327371","doi":null,"is_oa":false,"landing_page_url":"http://www.lancaster.ac.uk/media/lancaster-university/content-assets/documents/lums/economics/working-papers/LancasterWP2017_010.pdf","pdf_url":"http://www.lancaster.ac.uk/media/lancaster-university/content-assets/documents/lums/economics/working-papers/LancasterWP2017_010.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:eprints.lancs.ac.uk:132484","doi":null,"is_oa":true,"landing_page_url":"https://eprints.lancs.ac.uk/id/eprint/132484/1/Pre_DecisionSide_BetSequences_v04_with_title_page.pdf","pdf_url":"https://eprints.lancs.ac.uk/id/eprint/132484/1/Pre_DecisionSide_BetSequences_v04_with_title_page.pdf","source":{"id":"https://openalex.org/S4306401916","display_name":"Lancaster EPrints (Lancaster University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I67415387","host_organization_name":"Lancaster University","host_organization_lineage":["https://openalex.org/I67415387"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Journal Article"},{"id":"mag:3125351199","doi":null,"is_oa":false,"landing_page_url":"https://ideas.repec.org/a/ebl/ecbull/eb-18-00863.html","pdf_url":null,"source":{"id":"https://openalex.org/S134953813","display_name":"Economics bulletin","issn_l":"1545-2921","issn":["1545-2921"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","jufo-1","norway-1","poland-20","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Economics bulletin","raw_type":null},{"id":"mag:2613488573","doi":null,"is_oa":false,"landing_page_url":"https://eprints.lancs.ac.uk/id/eprint/132484/","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null}],"best_oa_location":{"id":"pmh:oai:eprints.lancs.ac.uk:132484","doi":null,"is_oa":true,"landing_page_url":"https://eprints.lancs.ac.uk/id/eprint/132484/1/Pre_DecisionSide_BetSequences_v04_with_title_page.pdf","pdf_url":"https://eprints.lancs.ac.uk/id/eprint/132484/1/Pre_DecisionSide_BetSequences_v04_with_title_page.pdf","source":{"id":"https://openalex.org/S4306401916","display_name":"Lancaster EPrints (Lancaster University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I67415387","host_organization_name":"Lancaster University","host_organization_lineage":["https://openalex.org/I67415387"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Journal Article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/16","display_name":"Peace, justice, and strong institutions","score":0.7300000190734863}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2613488573.pdf","grobid_xml":"https://content.openalex.org/works/W2613488573.grobid-xml"},"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W2096462450","https://openalex.org/W2587257712","https://openalex.org/W4402456259","https://openalex.org/W7100329785","https://openalex.org/W2071066366","https://openalex.org/W2804777682","https://openalex.org/W2089887506","https://openalex.org/W1540982417","https://openalex.org/W6884938014","https://openalex.org/W2026825895"],"abstract_inverted_index":{"Risk-averse":[0],"Expected":[1],"Utility":[2],"(EU)":[3],"decision":[4,34,59,80],"makers":[5,81],"with":[6,74,130],"wealth-dependent":[7],"utility":[8,68,72],"functions":[9],"may":[10],"find":[11],"themselves":[12],"indifferent":[13],"between":[14,65],"accepting":[15,43],"and":[16,70],"rejecting":[17],"an":[18],"indivisible":[19,45],"risky":[20,46],"prospect.":[21],"Bell":[22],"(1988)":[23],"showed":[24],"that":[25,79],"under":[26],"these":[27],"circumstances":[28],"it":[29],"is":[30,103,151,159,167],"EU-enhancing":[31,94],"for":[32,105],"the":[33,44,51,58,62,66,71,114,121,138,156],"maker":[35,60],"to":[36,83],"engage":[37,88],"in":[38,89],"a":[39,90],"pre-decision":[40],"side":[41,52,55,86,95,108,122],"bet,":[42],"prospect":[47],"conditional":[48],"upon":[49,119],"winning":[50],"bet.":[53,123],"The":[54,143],"bet":[56],"places":[57],"on":[61],"convex":[63],"hull":[64],"initial-wealth":[67],"function":[69,73],"risky-prospect-augmented":[75],"wealth.":[76],"We":[77],"show":[78],"restricted":[82],"actuarially":[84,106],"unfair":[85,107],"bets":[87],"sequence":[91,158],"of":[92,116,140],"individually":[93],"bets.":[96],"This":[97],"occurs":[98],"because":[99],"optimal":[100,125],"stake":[101,126],"size":[102,127],"modest":[104],"bets,":[109],"whereby":[110],"wealth":[111,135],"remains":[112,136],"within":[113,137],"interval":[115,139],"interim":[117,141],"convexity":[118],"losing":[120],"As":[124],"falls":[128],"strongly":[129,153],"each":[131,148],"successive":[132,149],"side-bet":[133,157],"round,":[134],"convexity.":[142],"EU":[144,165],"enhancement":[145,166],"conferred":[146],"by":[147],"round":[150],"also":[152],"diminishing.":[154],"Hence":[155],"eventually":[160],"truncated":[161],"when":[162],"no":[163],"further":[164],"available.":[168]},"counts_by_year":[],"updated_date":"2026-09-22T06:50:58.402377","created_date":"2017-05-19T00:00:00"}
