• A betting market: Description and a theoretical explanation of bets in pelota matches 

      Llorente Erviti, Loreto Upna; Aizpurua Agirre, José María Upna (2006)   Documento de trabajo / Lan gaiak  OpenAccess
      In pelota matches, bets are made between viewers through a middleman who receives 16% of the finally paid amount. In this paper a description of the way bets are made and an explanation of the existence of those markets ...
    • A profitable strategy in the pelota betting market 

      Llorente Erviti, Loreto Upna (2006)   Documento de trabajo / Lan gaiak  OpenAccess
      In pelota matches, games with two mutually exclusive and exhaustive outcomes, bets on the winner are made between viewers through a middleman who receives 16% of the finally paid amount. In this paper after the description ...
    • Rank dependent expected utility in the pelota betting system: an experiment 

      Llorente Erviti, Loreto Upna (2006)   Documento de trabajo / Lan gaiak  OpenAccess
      We theoretically and experimentally study a zero sum betting market: the pelota betting system, but with commonly known objective probabilities and without commissions. We know that risk-averse expected utility maximizers ...