4 papers
The Favorite-Longshot Bias in Prediction Markets: Evidence from Polymarket
Marcos Cardozo, José Ignacio Rivero-Wildemauwe
The favorite--longshot bias (FLB) is one of the most persistent return patterns in betting markets, but its prevalence in modern prediction markets and its relation to recurrent lo…
Social preferences or moral concerns: What drives rejections in the Ultimatum game?
Pau Juan-Bartroli, José Ignacio Rivero-Wildemauwe
Rejections of positive offers in the Ultimatum Game have been attributed to different motivations. We show that a model combining social preferences and moral concerns provides a u…
Trade among moral agents with information asymmetries
José Ignacio Rivero-Wildemauwe
Two agents trade an item in a simultaneous offer setting, where the exchange takes place if and only if the buyer's bid price weakly exceeds the seller's ask price. Each agent is r…
Doing the right thing (or not) in a lemons-like situation: on the role of social preferences and Kantian moral concerns
Ingela Alger, José Ignacio Rivero-Wildemauwe
We conduct a laboratory experiment using framing to assess the willingness to ``sell a lemon'', i.e., to undertake an action that benefits self but hurts the other (the ``buyer'').…