Pari-mutuel betting markets: racetracks and lotteries revisited
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References listed on IDEAS
- Donald B. Hausch & William T. Ziemba & Mark Rubinstein, 2008. "Efficiency Of The Market For Racetrack Betting," World Scientific Book Chapters, in: Donald B Hausch & Victor SY Lo & William T Ziemba (ed.), Efficiency Of Racetrack Betting Markets, chapter 38, pages 373-390, World Scientific Publishing Co. Pte. Ltd..
- Donald B. Hausch & Victor S. Y. Lo & William T. Ziemba, 2008. "Introduction to the Efficiency of Racetrack Betting Markets in England," World Scientific Book Chapters, in: Donald B Hausch & Victor SY Lo & William T Ziemba (ed.), Efficiency Of Racetrack Betting Markets, chapter 51, pages 529-531, World Scientific Publishing Co. Pte. Ltd..
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Keywords
pari-mutuel betting markets; efficiency of racetrack betting markets; stochastic programming optimization models; lottery strategies; favorite-longshot bias;All these keywords.
JEL classification:
- C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
- C79 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Other
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
- C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
NEP fields
This paper has been announced in the following NEP Reports:- NEP-SPO-2024-01-01 (Sports and Economics)
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