Herding in Imperfect Betting Markets with Inside Traders
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Busche, Kelly & Hall, Christopher D, 1988. "An Exception to the Risk Preference Anomaly," The Journal of Business, University of Chicago Press, vol. 61(3), pages 337-346, July.
- Les Coleman, 2007. "Just How Serious is Insider Trading? An Evaluation using Thoroughbred Wagering Markets," Journal of Gambling Business and Economics, University of Buckingham Press, vol. 1(1), pages 31-55, February.
- Dowie, Jack A, 1976. "On the Efficiency and Equity of Betting Markets," Economica, London School of Economics and Political Science, vol. 43(17), pages 139-150, May.
- Abhijit V. Banerjee, 1992. "A Simple Model of Herd Behavior," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(3), pages 797-817.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Martin Kukuk & Stefan Winter, 2008. "An Alternative Explanation of the Favorite-Longshot Bias," Journal of Gambling Business and Economics, University of Buckingham Press, vol. 2(2), pages 79-96, September.
- 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.
- Adi Schnytzer & Avichai Snir, 2011. "SP Betting as a Self-Enforcing Implicit Cartel," Working Papers 2011-12, Bar-Ilan University, Department of Economics.
- Stefan Winter & Martin Kukuk, 2008. "Do horses like vodka and sponging? - On market manipulation and the favourite-longshot bias," Applied Economics, Taylor & Francis Journals, vol. 40(1), pages 75-87.
- Philip W. S. Newall & Dominic Cortis, 2021. "Are Sports Bettors Biased toward Longshots, Favorites, or Both? A Literature Review," Risks, MDPI, vol. 9(1), pages 1-9, January.
- Alistair C. Bruce & Johnnie E. V. Johnson & John D. Peirson & Jiejun Yu, 2009. "An Examination of the Determinants of Biased Behaviour in a Market for State Contingent Claims," Economica, London School of Economics and Political Science, vol. 76(302), pages 282-303, April.
- Leighton Vaughan Williams & David Paton, 1998. "Why are some favourite-longshot biases positive and others negative?," Applied Economics, Taylor & Francis Journals, vol. 30(11), pages 1505-1510.
- Vaughan Williams, Leighton, 1999. "Information Efficiency in Betting Markets: A Survey," Bulletin of Economic Research, Wiley Blackwell, vol. 51(1), pages 1-30, January.
- M. Sung & J. E. V. Johnson, 2010. "Revealing Weak‐Form Inefficiency in a Market for State Contingent Claims: The Importance of Market Ecology, Modelling Procedures and Investment Strategies," Economica, London School of Economics and Political Science, vol. 77(305), pages 128-147, January.
- Ruomeng Cui & Dennis J. Zhang & Achal Bassamboo, 2019. "Learning from Inventory Availability Information: Evidence from Field Experiments on Amazon," Management Science, INFORMS, vol. 65(3), pages 1216-1235, March.
- Jonas Hedlund & Carlos Oyarzun, 2018.
"Imitation in heterogeneous populations,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 65(4), pages 937-973, June.
- Hedlund, Jonas & Oyarzun, Carlos, 2016. "Imitation in Heterogeneous Populations," Working Papers 0625, University of Heidelberg, Department of Economics.
- Cao, Melanie & Shi, Shouyong, 2006.
"Signaling in the Internet craze of initial public offerings,"
Journal of Corporate Finance, Elsevier, vol. 12(4), pages 818-833, September.
- Cao Melanie & Shouyong Shi, 2002. "Signalling in the Internet Craze of Initial Public Offerings," Working Papers shouyong-02-03, University of Toronto, Department of Economics.
- Kraemer, Carlo & Noth, Markus & Weber, Martin, 2006.
"Information aggregation with costly information and random ordering: Experimental evidence,"
Journal of Economic Behavior & Organization, Elsevier, vol. 59(3), pages 423-432, March.
- Kraemer, Carlo & Nöth, Markus & Weber, Martin, 2000. "Information Aggregation with Costly Information and Random Ordering: Experimental Evidence," Sonderforschungsbereich 504 Publications 00-35, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Kraemer, Carlo & Nöth, Markus & Weber, Martin, 2000. "Information aggregation with costly information and random ordering : experimental evidence," Papers 00-35, Sonderforschungsbreich 504.
- Fishman, Arthur & Fishman, Ram & Gneezy, Uri, 2019. "A tale of two food stands: Observational learning in the field," Journal of Economic Behavior & Organization, Elsevier, vol. 159(C), pages 101-108.
- Edgardo Arturo Ayala Gaytán, 2009. "Social network externalities and price dispersion in online markets," Ensayos Revista de Economia, Universidad Autonoma de Nuevo Leon, Facultad de Economia, vol. 0(2), pages 1-28, November.
- Buechel, Berno & Hellmann, Tim & Klößner, Stefan, 2015.
"Opinion dynamics and wisdom under conformity,"
Journal of Economic Dynamics and Control, Elsevier, vol. 52(C), pages 240-257.
- Büchel, Berno & Hellmann, Tim & Klößner, Stefan, 2013. "Opinion Dynamics and Wisdom under Conformity," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79770, Verein für Socialpolitik / German Economic Association.
- Berno Buechel & Tim Hellmann & Stefan Kölßner, 2014. "Opinion Dynamics and Wisdom under Conformity," Working Papers 2014.51, Fondazione Eni Enrico Mattei.
- Buechel, Berno & Tim, Hellmann & Kölßner, Stefan, 2014. "Opinion Dynamics and Wisdom under Conformity," Climate Change and Sustainable Development 172707, Fondazione Eni Enrico Mattei (FEEM).
- Buechel, Berno & Hellmann, Tim & Klößner, Stefan, 2014. "Opinion dynamics and wisdom under conformity," Center for Mathematical Economics Working Papers 469, Center for Mathematical Economics, Bielefeld University.
- Boğaçhan Çelen & Kyle Hyndman, 2012. "An experiment of social learning with endogenous timing," Review of Economic Design, Springer;Society for Economic Design, vol. 16(2), pages 251-268, September.
- Hiroshi Kitamura, 2007. "Capacity Expansion in Markets with Intertemporal Consumption Externalities," Discussion Papers in Economics and Business 07-11, Osaka University, Graduate School of Economics.
- Bohl, Martin T. & Branger, Nicole & Trede, Mark, 2017. "The case for herding is stronger than you think," Journal of Banking & Finance, Elsevier, vol. 85(C), pages 30-40.
- Hussinger, Katrin & Pellens, Maikel, 2019.
"Guilt by association: How scientific misconduct harms prior collaborators,"
Research Policy, Elsevier, vol. 48(2), pages 516-530.
- Hussinger, Katrin & Pellens, Maikel, 2017. "Guilt by association: How scientific misconduct harms prior collaborators," ZEW Discussion Papers 17-051, ZEW - Leibniz Centre for European Economic Research.
- Katrin Hussinger & Maikel Pellens, 2018. "Guilt by Association: How Scientific Misconduct Harms Prior Collaborators," DEM Discussion Paper Series 18-15, Department of Economics at the University of Luxembourg.
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:biu:wpaper:2011-08. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Department of Economics (email available below). General contact details of provider: https://edirc.repec.org/data/debaril.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.