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Optimal Betting and Efficiency in Parimutuel Betting Markets with Information Costs
14 references·2 citing·37 second hop
Optimal Betting and Efficiency in Parimutuel Betting Markets with Information Costs (1996)Optimal Betting and Efficiency in Parimut…Measuring the Incidence of Insider Trading in a Market for State-Contingent Claims (1993)Measuring the Incidence of In…Generalized Expected Utility Theory (1993)Generalized Expected Utility …Prices of State Contingent Claims with Insider Traders, and the Favourite-Longshot Bias (1992)Prices of State Contingent Cl…On utility function estimation of racetrack bettors (1992)On utility function estimatio…Selling Hope: State Lotteries in America (1991)Selling Hope: State Lotteries…Optimal Betting Odds Against Insider Traders (1991)Optimal Betting Odds Against …On the Optimal Design of Lotteries (1991)On the Optimal Design of Lott…An Examination of Market Efficiency in British Racetrack Betting (1990)An Examination of Market Effi…Beating the Spread: Testing the Efficiency of the Gambling Market for National Football League Games (1985)Beating the Spread: Testing t…Efficiency of the Market for Racetrack Betting (1981)Efficiency of the Market for …A Test of the Friedman-Savage Gambling Model (1981)A Test of the Friedman-Savage…Subjective Information and Market Efficiency in a Betting Market (1979)Subjective Information and Ma…Some Evidence of the Efficiency of a Speculative Market (1979)Some Evidence of the Efficien…Probability and Utility Estimates for Racetrack Bettors (1977)Probability and Utility Estim…Wishful Thinking in Macroeconomic Expectations (2021)Wishful Thinking in Macroecon…Noise, Information, and the Favorite-Longshot Bias in Parimutuel Predictions (2010)Noise, Information, and the F…Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Why is There a Favourite-Longshot Bias in British Racetrack Betting Markets (1997)Forecasting football results and the efficiency of fixed‐odds betting (2004)Market Efficiency in Person‐to‐Person Betting (2006)Aspects of the Theory of Risk-Bearing. (1966)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk Aversion in the Small and in the Large (1976)Market Efficiency and the Favorite-Longshot Bias: The Baseball Betting Market (1994)Resistance of personal risk perceptions to debiasing interventions. (1995)Sympathetic Magical Thinking: The Contagion and Similarity “Heuristics” (2002)HORSE RACING: TESTING THE EFFICIENT MARKETS MODEL (1978)Hold Your Bets: Another Look at the Efficiency of the Gambling Market for National Football League Games (1988)On the Probability of Winning a Football Game (1991)A State-Space Model for National Football League Scores (1998)Theory of Value (1959)Continuous Auctions and Insider Trading (1985)Price Reaction to Information with Heterogeneous Beliefs and Wealth Effects: Underreaction, Momentum, and Reversal (2015)Risk, Ambiguity, and the Savage Axioms (1961)Prospect theory: An analysis of decision under risk (1988)Probability of purchase, amount of purchase, and the demographic incidence of the lottery tax (1994)Elasticity of Demand for UK National Lottery Tickets (2000)The revenue impacts of cross-border lottery shopping in the presence of spatial autocorrelation (2002)Theory of games and economic behavior (2019)Anomalies: Parimutuel Betting Markets: Racetracks and Lotteries (1988)The Efficient Market Hypothesis and Insider Trading on the Stock Market (1990)The Favorite-Longshot Bias: An Overview of the Main Explanations (2008)Risk, Uncertainty and Profit (1921)Conditional logit analysis of qualitative choice behavior (1972)Market Efficiency in Racetrack Betting (1984)Information, Prices and Efficiency in a Fixed-Odds Betting Market (1989)Bettors Love Skewness, Not Risk, at the Horse Track (1998)The Economics of Wagering Markets (1998)The prevalence and demographics of pathological gamblers: implications for public health. (1994)Financing Public Goods by Means of Lotteries (2000)Prospect Theory: Much Ado About Nothing? (2002)Household Portfolio Diversification: A Case for Rank-Dependent Preferences (2005)Risk measures and comonotonicity (2006)
this work references cited by second hop

References

  • 1993Generalized Expected Utility Theory478 cited
  • 1991Selling Hope: State Lotteries in America435 cited
  • 1977Probability and Utility Estimates for Racetrack Bettors390 cited
  • 1981Efficiency of the Market for Racetrack Betting249 cited
  • 1993Measuring the Incidence of Insider Trading in a Market for State-Contingent Claims197 cited
  • 1992Prices of State Contingent Claims with Insider Traders, and the Favourite-Longshot Bias182 cited
  • 1979Subjective Information and Market Efficiency in a Betting Market168 cited
  • 1991Optimal Betting Odds Against Insider Traders166 cited
  • 1985Beating the Spread: Testing the Efficiency of the Gambling Market for National Football League Games144 cited
  • 1991On the Optimal Design of Lotteries123 cited
  • 1990An Examination of Market Efficiency in British Racetrack Betting75 cited
  • 1979Some Evidence of the Efficiency of a Speculative Market71 cited
  • 1981A Test of the Friedman-Savage Gambling Model38 cited
  • 1992On utility function estimation of racetrack bettors31 cited

Cited by

  • 2010Noise, Information, and the Favorite-Longshot Bias in Parimutuel Predictions

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60 cited
  • 2021Wishful Thinking in Macroeconomic Expectations0 cited