An application of expert information to win betting on the Kentucky Derby, 1981-2005
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- L. C. MacLean & W. T. Ziemba & G. Blazenko, 1992. "Growth Versus Security in Dynamic Investment Analysis," Management Science, INFORMS, vol. 38(11), pages 1562-1585, November.
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KeywordsSemi-strong market efficiency; capital growth theory; speculative investments; sports betting;
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