Information Efficiency in Financial and Betting Markets

Name: Information Efficiency in Financial and Betting Markets
Price: 99.24 USD
Availability: InStock
ISBN: 9780521816038

ISBN-10: 0521816033

ISBN-13: 9780521816038

Edition: 2003

Authors: Leighton Vaughan-Williams, Leighton Vaughan Williams

List price: $102.00

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Description:

Gambling markets offer economists insights into how information efficiency operates in a market. This survey of the theory and practice of gambling is written by two experts from the U.S. and Britain with examples from international sports betting markets.

Book details

List price: $102.00
Copyright year: 2003
Publisher: Cambridge University Press
Publication date: 9/29/2005
Binding: Hardcover
Pages: 412
Size: 6.34" wide x 9.25" long x 1.14" tall
Weight: 1.782



List of figures


List of tables


List of contributors


Introduction



The Concept of Information Efficiency



Information efficiency in financial markets




Weak form information efficiency in betting markets




Semi-strong and strong form information efficiency in betting markets




Selected Readings



An assessment of quasi-arbitrage opportunities in two fixed-odds horse-race betting markets




The presence of favourites and biases in bookmakers' odds




Searching for semi-strong form inefficiency in the UK racetrack betting market




Models, markets, polls and pundits: a case study of information efficiency




Longshot bias: insights from the betting market on men's professional tennis




Biases and insider trading in exotic bets on thoroughbreds




On the improbability of information efficient parimutuel betting markets in the presence of heterogeneous beliefs




Modelling gambling demand in a laboratory casino: discovering the importance of individual-specific effects




Market efficiency of the 50-30-20-10 horse-racing spread betting market




Insider trading and bias in a market for state-contingent claims




Rationality and efficiency in lotto games Victor




Efficiency of the odds on English professional football matches




Modelling distance preference in flat racing via average




Testing for market efficiency in gambling markets: some observations and new statistical tests based on a bootstrap method




Information (in)efficiency in prediction markets



Index