Sports bets’ results: an insight from behavioral economics
There are some economic theories that establish that humans have the ability to correctly analyze the probabilities and benefits of each alternative when making decisions of any nature. Therefore, it is assumed that we will opt for the option that generates the best results for us. However, the rational character of the human being has always been overestimated in economics throughout its history. Behavioral economics is an evidence-based discipline that focuses on the conditions and characteristics of economics that are uniquely human. ….[READ]
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