A model for the distribution of the number of bids on federal offshore oil leases

Article Abstract:

U.S. oil leases that are covered under the Outer Continental Shelf (OCS) do not receive the same amount of bids. Though more than a dozen bids are made for some leases, other leases receive no bids at all. Consequently, there is doubt as to how many bids each lease will receive - resulting in possible concern for both bidders and the bid takers.

Crude petroleum and natural gas, Economic aspects, Petroleum industry, Oil and gas leases

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Searching for positive returns at the track: a multinomial logit model for handicapping horse races

Article Abstract:

The article examines the basic investment strategies used to identify and utilize the public's systematic miscues during horse race betting. The handicapping model is formulated and used for the pari-mutual's win-betting. The multinomial logit model in the horse racing system is posited and projected according to a 200-race data base.

Horse race betting

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Comments on some axioms for combining expert judgments

Article Abstract:

The axiom system is used to combine expert judgments, as delineated by Morris, for a processing regulation. The axioms are self-contradictory, according to the evidence. The axioms and the theorems that are related theorems, as disclosed in M83, are self-contradictory, in the establishment of processing regulations.

Decision-making, Decision making, Axioms

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