.png){kind=icon}
返回
Optimal bookmaking
.png){kind=icon}
PRE
AI
DOI：10.1016/j.ejor.2021.03.005.png)
.png){kind=icon}
原文求助.png){kind=icon}
分享.png){kind=icon}
收藏
摘要
En 中文
We introduce a general framework for continuous-time betting markets, in which a bookmaker can dy-namically control the prices of bets on outcomes of random events. In turn, the prices set by the book-maker affect the rate or intensity of bets placed by gamblers. The bookmaker seeks an optimal price process that maximizes his expected (utility of) terminal wealth. We obtain explicit solutions or charac-terizations to the bookmaker's optimal bookmaking problem in various interesting models. (c) 2021 Elsevier B.V. All rights reserved.
Keyword:
Stochastic programming
Poisson process
Sports betting
Stochastic control
Utility maximization
AI总结
对已上传原文的论文进行重点信息的提取，主要内容包括：简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。
期刊
IF:
6
论文数:
2.2W
被引数:
6.4W
机构
引用论文
.png){kind=icon}
分享收藏分享收藏
查看更多内容