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Parimutuel betting markets as information aggregation devices: experimental results
16 references·8 citing·42 second hop
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References

  • 1988Herd Behavior and Investment2,815 cited
  • 1982Information, trade and common knowledge1,738 cited
  • 1992Sequential Sales, Learning, and Cascades1,301 cited
  • 1982On the Possibility of Speculation under Rational Expectations959 cited
  • 1993The Winner's Curse: Paradoxes and Anomalies of Economic Life.943 cited
  • 1988Rational Expectations and the Aggregation of Diverse Information in Laboratory Security Markets585 cited
  • 1959Consensus of Subjective Probabilities: The Pari-Mutuel Method419 cited
  • 1977Probability and Utility Estimates for Racetrack Bettors390 cited
  • 1995Are People Bayesian? Uncovering Behavioral Strategies367 cited
  • 19956. Experimental Asset Markets: A Survey248 cited
  • 1978HORSE RACING: TESTING THE EFFICIENT MARKETS MODEL237 cited
  • 1990Information Aggregation in an Experimental Market224 cited
  • 1982Racetrack betting and informed behavior150 cited
  • 1965Gambling and Rationality84 cited
  • 1994Market architectures, institutional landscapes and testbed experiments74 cited
  • 1993Rational Individual Behavior in Markets and Social Choice Processes

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41 cited

Cited by

  • 2004Risk Aversion, Beliefs, and Prediction Market Equilibrium86 cited
  • 2004On the microstructure of price determination and information aggregation with sequential and asymmetric information arrival in an experimental asset market40 cited
  • 2009The Experimental Study of Asset Pricing Theory19 cited
  • 2008Chapter 39 Information Cascade Experiments18 cited
  • 2005Biais en faveur de l'outsider et nature des mises sur un marché expérimental de pari mutuel1 cited
  • 2022Confidence, Self-Selection and Bias in the Aggregate1 cited
  • 2006Information aggregation in a catastrophe futures market0 cited
  • 2008Understanding the Plott-Wit-Yang Paradox FINAL REPORT GDN, 20080 cited