The objective of this paper is to explore the extent to which human judgement and resultant decision-making in a natural setting reflects the performance characteristics suggested by experimental work. in order to explore the quality of decisions made in a natural setting, an analysis is undertaken of bets placed on 19 396 hoeses in the UK parimutuel betting market.
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Paper provided by University of Southampton - Department of Accounting and Management Science in its series Papers with number
99-146.
Length: 37 pages Date of creation: 1999 Date of revision: Handle: RePEc:fth:sotoam:99-146
Contact details of provider: Postal: University of Southampton, Department of Accounting & Mangement Science, Southampton S09 5NH UK. Phone: 44 0173 592537/592555 Fax: 44 0173 593858 Email: Web page: http://www.soton.ac.uk/~econweb/ More information through EDIRC
Find related papers by JEL classification: D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General