Bettors love skewness, not risk, at the horse track

Journal of Political Economy

Volumn 106, Issue 1, 1998, Pages 205-225

  Golec, Joseph ^a   Tamarkin, Maurry ^a  

^a CLARK UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0001743121     PISSN: 00223808     EISSN: None     Source Type: Journal    
DOI: 10.1086/250007     Document Type: Article

References (7)

1. Ali, Mukhtar M. "Probability and Utility Estimates for Racetrack Bettors." J.P.E. 85 (August 1977): 803-15.
2. _. "Some Evidence of the Efficiency of a Speculative Market." Econometrica 47 (March 1979): 387-92.
3. Asch, Peter; Malkiel, Burton G.; and Quandt, Richard E. "Racetrack Betting and Informed Behavior." J Financial Econ. 10 (July 1982): 187-94.
4. _. "Market Efficiency in Racetrack Betting." J. Bus. 57 (April 1984): 165-75.
5. _. "Market Efficiency in Racetrack Betting: Further Evidence and a Correction." J. Bus. 59 (January 1986): 157-60.
6. Asch, Peter, and Quandt, Richard E. "Efficiency and Profitability in Exotic Bets." Economica 54 (August 1987): 289-98.
7. Busche, Kelly, and Hall, Christopher D. "An Exception to the Risk Preference Anomaly." J. Bus. 61 (July 1988): 337-46.