Risk preferences and information flows in racetrack betting markets

Journal of Financial Research

Volumn 22, Issue 3, 1999, Pages 265-285

  Rhoda, Kenneth L ^a   Olson, Gerard T ^b   Rappaport, Jack M ^a  

^a LA SALLE UNIVERSITY   (United States)

^b VILLANOVA UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0008682759     PISSN: 02702592     EISSN: 14756803     Source Type: Journal    
DOI: 10.1111/j.1475-6803.1999.tb00727.x     Document Type: Article

References (10)

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3. Asch, P., B. Malkiel, and R. Quandt, 1984, Market efficiency in racetrack betting, Journal of Business 57, 165–75.
4. Bolton, R. and R. Chapman, 1986, Searching for positive returns at the track: A multinomial logit model for handicapping horse races, Management Science 32, 1040–60.
5. Busche, K. and C. Hall, 1988, An exception to the risk preference anomaly, Journal of Business 61, 337–46.
6. Griffith, R., 1949, Odds adjustments by American horse racing bettors, American Journal of Psychology 62, 290–94.
7. Lusht, K. and E. Saunders, 1989, Direct tests of the divergence of opinion hypothesis in the market for racetrack betting, Journal of Financial Research 12, 285–91.
8. Quandt, R., 1986, Betting and equilibrium, Quarterly Journal of Economics 101, 201–7.
9. Snyder, W., 1978, Horse racing: Testing the efficient market hypothesis, Journal of Finance 33, 1109–18.
10. Weitzman, M., 1965, Utility analysis and group behavior: An empirical study, Journal of Political Economy 73, 18–26.