2 citations · 2 across the 3 of their papers we have counts for
4 papers
On a Constructive Theory of Markets
Steven D. Moffitt
This article is a prologue to the article "Why Markets are Inefficient: A Gambling 'Theory' of Financial Markets for Practitioners and Theorists." It presents important background…
Why Markets are Inefficient: A Gambling "Theory" of Financial Markets For Practitioners and Theorists
Steven D. Moffitt
The purpose of this article is to propose a new "theory," the Strategic Analysis of Financial Markets (SAFM) theory, that explains the operation of financial markets using the anal…
Does it Pay to Buy the Pot in the Canadian 6/49 Lotto? Implications for Lottery Design
Steven D. Moffitt, William T. Ziemba
Despite its unusual payout structure, the Canadian 6/49 Lotto is one of the few government sponsored lotteries that has the potential for a favorable strategy we call "buying the p…
A Method for Winning at Lotteries
Steven D. Moffitt, William T. Ziemba
We report a new result on lotteries --- that a well-funded syndicate has a purely mechanical strategy to achieve expected returns of 10\% to 25\% in an equiprobable lottery with no…