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Noise, Information, and the Favorite-Longshot Bias in Parimutuel Predictions
16 references·0 citing·32 second hop
Noise, Information, and the Favorite-Longshot Bias in Parimutuel Predictions (2010)Noise, Information, and the Favorite-Long…American Economic Review (2019)American Economic ReviewExplaining the Favorite–Long Shot Bias: Is it Risk-Love or Misperceptions? (2010)Explaining the Favorite–Long …Interpreting Prediction Market Prices as Probabilities (2006)Interpreting Prediction Marke…Why are Gambling Markets Organised so Differently from Financial Markets? (2004)Why are Gambling Markets Orga…Estimating Preferences under Risk: The Case of Racetrack Bettors (2000)Estimating Preferences under …The Economics of Wagering Markets (1998)The Economics of Wagering Mar…Bettors Love Skewness, Not Risk, at the Horse Track (1998)Bettors Love Skewness, Not Ri…The utility of gambling. (1993)The utility of gambling.The utility of gambling (1993)The utility of gamblingPrices of State Contingent Claims with Insider Traders, and the Favourite-Longshot Bias (1992)Prices of State Contingent Cl…Optimal Betting Odds Against Insider Traders (1991)Optimal Betting Odds Against …Anomalies: Parimutuel Betting Markets: Racetracks and Lotteries (1988)Anomalies: Parimutuel Betting…Information, trade and common knowledge (1982)Information, trade and common…Probability and Utility Estimates for Racetrack Bettors (1977)Probability and Utility Estim…Consensus of Subjective Probabilities: The Pari-Mutuel Method (1959)Consensus of Subjective Proba…Odds Adjustments by American Horse-Race Bettors (1949)Odds Adjustments by American …Agreeing to Disagree (1976)The Private and Social Value of Information and the Reward to Inventive Activity (1978)Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Herd Behavior and Investment (1988)Noise Trader Risk in Financial Markets (1990)Prospect Theory: An Analysis of Decision under Risk (1979)Choices, values, and frames. (1984)Prospect theory: An analysis of decision under risk (1988)Personality Psychology and Economics (2011)The Utility Analysis of Choices Involving Risk (1948)The Utility of Wealth (1952)Efficient Capital Markets: II (1991)OUTCOME UNCERTAINTY AND THE COUCH POTATO AUDIENCE (2005)Using ELO ratings for match result prediction in association football (2009)REFERENCE‐DEPENDENT PREFERENCES, LOSS AVERSION, AND LIVE GAME ATTENDANCE (2014)Contract Design and Self-Control: Theory and Evidence (2004)Believing what we do not believe: Acquiescence to superstitious beliefs and other powerful intuitions. (2015)Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine (1953)Probability and Risk: Foundations and Economic Implications of Probability-Dependent Risk Preferences (2012)Thirty Years of Prospect Theory in Economics: A Review and Assessment (2012)The Psychology of Tail Events: Progress and Challenges (2013)The Unreasonable Fairness of Maximum Nash Welfare (2016)Finding Fair and Efficient Allocations (2018)The Unreasonable Fairness of Maximum Nash Welfare (2019)Conditional Skewness in Asset Pricing Tests (2000)Equity Portfolio Diversification (2008)HORSE RACING: TESTING THE EFFICIENT MARKETS MODEL (1978)Efficiency of the Market for Racetrack Betting (1981)On the state of the art: risk communication to the public (2001)Upper Echelons: The Organization as a Reflection of Its Top Managers (1984)The Relational View: Cooperative Strategy and Sources of Interorganizational Competitive Advantage (1998)The Promise of Entrepreneurship as a Field of Research (2000)
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References

  • 2019American Economic Review10,902 cited
  • 1982Information, trade and common knowledge1,738 cited
  • 1988Anomalies: Parimutuel Betting Markets: Racetracks and Lotteries621 cited
  • 1959Consensus of Subjective Probabilities: The Pari-Mutuel Method419 cited
  • 1998Bettors Love Skewness, Not Risk, at the Horse Track402 cited
  • 1977Probability and Utility Estimates for Racetrack Bettors390 cited
  • 1998The Economics of Wagering Markets381 cited
  • 2004Why are Gambling Markets Organised so Differently from Financial Markets?377 cited
  • 2010Explaining the Favorite–Long Shot Bias: Is it Risk-Love or Misperceptions?318 cited
  • 1949Odds Adjustments by American Horse-Race Bettors306 cited
  • 2000Estimating Preferences under Risk: The Case of Racetrack Bettors237 cited
  • 2006Interpreting Prediction Market Prices as Probabilities202 cited
  • 1993The utility of gambling183 cited
  • 1992Prices of State Contingent Claims with Insider Traders, and the Favourite-Longshot Bias182 cited
  • 1991Optimal Betting Odds Against Insider Traders166 cited
  • 1993The utility of gambling.

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