MARCO M. OTTAVIANI
WELCOME TO THE HOMEPAGE OF MARCO OTTAVIANI
Welcome! I am professor of Economics at Bocconi University.
Some time ago, I discovered a short article published in French by Émile Borel in 1938. The article contains a pioneering game-theoretic analysis of parimutuel betting with heterogeneous prior beliefs:
Translation of Émile Borel, Sur le pari mutuel, Comptes Rendus Hebdomadaires des Séances de l’Académie des Sciences, 1938.
Nobody seems to have ever noticed (or at least cited) this article before. Some of the insights were later rediscovered by other researchers in mathematics and economics. (If you are interested in learning more about this, see the discussion in my overview article, with Peter Norman Sørensen).
The rest of this page collects links to my research, for your enjoyment...