Is there an optimistic bias on betting markets?
AbstractBettors are subject to an optimistic bias when betting on the team they support. This paper shows that this individual bias does not affect betting odds on British teams in association football (soccer), as it is often argued.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 102 (2009)
Issue (Month): 2 (February)
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Web page: http://www.elsevier.com/locate/ecolet
Football Soccer Wishful thinking Betting odds;
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