IDEAS home Printed from https://ideas.repec.org/a/ecm/emetrp/v47y1979i2p387-92.html
   My bibliography  Save this article

Some Evidence of the Efficiency of a Speculative Market

Author

Listed:
  • Ali, Mukhtar M

Abstract

No abstract is available for this item.

Suggested Citation

  • Ali, Mukhtar M, 1979. "Some Evidence of the Efficiency of a Speculative Market," Econometrica, Econometric Society, vol. 47(2), pages 387-392, March.
    • Handle: RePEc:ecm:emetrp:v:47:y:1979:i:2:p:387-92
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0012-9682%28197903%2947%3A2%3C387%3ASEOTEO%3E2.0.CO%3B2-E&origin=repec
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tai, Chung-Ching & Lin, Hung-Wen & Chie, Bin-Tzong & Tung, Chen-Yuan, 2019. "Predicting the failures of prediction markets: A procedure of decision making using classification models," International Journal of Forecasting, Elsevier, vol. 35(1), pages 297-312.
    2. Russell Sobel & S. Travis Raines, 2003. "An examination of the empirical derivatives of the favourite-longshot bias in racetrack betting," Applied Economics, Taylor & Francis Journals, vol. 35(4), pages 371-385.
    3. William Mallios, 2012. "Forecasting National Football League Game Outcomes Relative to Betting Spreads," Journal of Gambling Business and Economics, University of Buckingham Press, vol. 6(3), pages 1-16, December.
    4. Vaughan Williams, Leighton, 1999. "Information Efficiency in Betting Markets: A Survey," Bulletin of Economic Research, Wiley Blackwell, vol. 51(1), pages 1-30, January.
    5. Tim Kuypers, 2000. "Information and efficiency: an empirical study of a fixed odds betting market," Applied Economics, Taylor & Francis Journals, vol. 32(11), pages 1353-1363.
    6. Johnson, Johnnie E. V. & Bruce, Alistair C., 2001. "Calibration of Subjective Probability Judgments in a Naturalistic Setting," Organizational Behavior and Human Decision Processes, Elsevier, vol. 85(2), pages 265-290, July.
    7. Zuber, Richard A & Gandar, John M & Bowers, Benny D, 1985. "Beating the Spread: Testing the Efficiency of the Gambling Market for National Football League Games," Journal of Political Economy, University of Chicago Press, vol. 93(4), pages 800-806, August.
    8. Martin Smith, 2001. "Breeding incentive programmes and demand for California thoroughbred racing: is there a quality/quantity tradeoff?," Applied Economics, Taylor & Francis Journals, vol. 33(14), pages 1755-1762.
    9. Quitzau, Jörn, 2005. "Faktor Zufall als Spielverderber: zur Prognostizierbarkeit von Fußballergebnissen – Wettmärkte als effizienter Informationslieferant," Research Notes 18, Deutsche Bank Research.
    10. Andrew Grant & David Johnstone & Oh Kang Kwon, 2008. "Optimal Betting Strategies for Simultaneous Games," Decision Analysis, INFORMS, vol. 5(1), pages 10-18, March.
    11. Erik Snowberg & Justin Wolfers, 2010. "Explaining the Favorite-Long Shot Bias: Is it Risk-Love or Misperceptions?," Journal of Political Economy, University of Chicago Press, vol. 118(4), pages 723-746, August.
    12. Kenneth M. Lusht & Edward M. Saunders, 1989. "Direct Tests Of The Divergence Of Opinion Hypothesis In The Market For Racetrack Betting," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 12(4), pages 285-291, December.
    13. Ziemba, William, 2020. "Parimutuel betting markets: racetracks and lotteries revisited," LSE Research Online Documents on Economics 118873, London School of Economics and Political Science, LSE Library.
    14. Sathya Ramesh & Ragib Mostofa & Marco Bornstein & John Dobelman, 2019. "Beating the House: Identifying Inefficiencies in Sports Betting Markets," Papers 1910.08858, arXiv.org, revised Oct 2019.
    15. W. David Walls & Kelly Busche, 1996. "Betting volume and market efficiency in Hong Kong race track betting," Applied Economics Letters, Taylor & Francis Journals, vol. 3(12), pages 783-787.
    16. Quitzau, Jörn & Vöpel, Henning, 2009. "Der Faktor Zufall im Fußball: Eine empirische Untersuchung für die Saison 2007/08," HWWI Research Papers 1-22, Hamburg Institute of International Economics (HWWI).
    17. Mukhtar Ali, 1998. "Probability models on horse-race outcomes," Journal of Applied Statistics, Taylor & Francis Journals, vol. 25(2), pages 221-229.
    18. James D. Dana & Michael M. Knetter, 1994. "Learning and Efficiency in a Gambling Market," Management Science, INFORMS, vol. 40(10), pages 1317-1328, October.
    19. Marshall Gramm & C. Nicholas McKinney & Douglas Owens, 2008. "The efficiency of exotic wagers in racetrack betting," Applied Economics, Taylor & Francis Journals, vol. 40(1), pages 89-97.
    20. Michael Cain & David Law & David Peel, 2002. "Is one price enough to value a state-contingent asset correctly? Evidence from a gambling market," Applied Financial Economics, Taylor & Francis Journals, vol. 12(1), pages 33-38.
    21. William Stein & Philip Mizzi, 2003. "An analysis of exotic wagers in a parimutuel setting," Applied Economics, Taylor & Francis Journals, vol. 35(4), pages 415-421.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecm:emetrp:v:47:y:1979:i:2:p:387-92. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/essssea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.