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An examination of the empirical derivatives of the favourite-longshot bias in racetrack betting
16 references·4 citing·36 second hop
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References

  • 2019American Economic Review10,902 cited
  • 1984Choices, values, and frames.6,505 cited
  • 2013Choices, Values, and Frames5,320 cited
  • 1993The Winner's Curse: Paradoxes and Anomalies of Economic Life.943 cited
  • 1990Do Security Analysts Overreact685 cited
  • 1988Anomalies: Parimutuel Betting Markets: Racetracks and Lotteries621 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
  • 2013Journal of Risk and Uncertainty358 cited
  • 1949Odds Adjustments by American Horse-Race Bettors306 cited
  • 1956Stability of Choices among Uncertain Alternatives275 cited
  • 1981Efficiency of the Market for Racetrack Betting249 cited
  • 1978HORSE RACING: TESTING THE EFFICIENT MARKETS MODEL237 cited
  • 1994Market Efficiency and the Favorite-Longshot Bias: The Baseball Betting Market207 cited
  • 1988Testing Rationality in the Point Spread Betting Market181 cited

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Cited by

  • 2013Profiting from an inefficient association football gambling market: Prediction, risk and uncertainty using Bayesian networks69 cited
  • 2012Do Prediction Markets Produce Well‐Calibrated Probability Forecasts?62 cited
  • 2010Noise, Information, and the Favorite-Longshot Bias in Parimutuel Predictions60 cited
  • 2008Revealing Weak‐Form Inefficiency in a Market for State Contingent Claims: The Importance of Market Ecology, Modelling Procedures and Investment Strategies21 cited