Do betting costs explain betting biases?

Applied Economics Letters

Volumn 5, Issue 5, 1998, Pages 333-335

  Paton, David ^a   Williams, Leighton Vaughan ^a  

^a NOTTINGHAM TRENT UNIVERSITY   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0002693834     PISSN: 13504851     EISSN: None     Source Type: Journal    
DOI: 10.1080/758524413     Document Type: Article

References (11)

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4. Griffith, R.M. (1949) Odds adjustments by American horse-race bettors, American Journal of Psychology, 62, 290-94.
5. Hamid S.S., Prakash, A.J. and Smyser M.W. (1996) Marginal risk aversion and preferences in a betting market, Applied Economics, 28, 371-76.
6. Hurley, W. and McDonough, L. (1995) A note on the Hayek Hypothesis and the favorite-longshot bias in parimutuel betting, American Economic Review, 85, 949-55.
7. Jackson, D.A. (1994) Focus on sport: index betting on sports', The Statistician, 43(2), 309-15.
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9. Terrell, D. and Farmer, A. (1996) Optimal betting and efficiency in parimutuel betting markets with information costs, Economic Journal, 106, 846-68.
10. Vaughan Williams, L. and Paton, D. (1997a) Why is there a favourite-longshot bias in British racetrack betting markets?, Economic Journal, 107, 150-58.
11. Vaughan Williams, L. and Paton, D. (1997b) Why are some favourite-longshot biases positive and some negative?', Occasional Papers in Economics, 97/5, Centre for Research in Regulation, Organization and Law, Nottingham Trent University.