The favourite-longshot bias in parimutuel betting: A clarification of the explanation that bettors like to bet longshots

Economics Letters

Volumn 52, Issue 3, 1996, Pages 275-278

  Hurley, William ^a   McDonough, Lawrence ^a  

^a ROYAL MILITARY COLLEGE OF CANADA   (Canada)

Author keywords

Gambling; Parimutuel; Short selling; Transactions cost

Indexed keywords

EID: 0030222538     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0165-1765(96)00870-1     Document Type: Article

References (3)

1. Asch, P. and R.E. Quandt, 1986, Racetrack betting: The Professors' guide to strategies (Auburn House Publishing Company, Dover, MA).
2. Asch, P., B. Malkiel and R.E. Quandt, 1982, Racetrack betting and informed behavior, Journal of Financial Economics 10, 187-194.
3. Thaler, R.H. and W.T. Ziemba, 1988, Parimutuel betting markets: Racetracks and Lotteries, Journal of Economic Perspectives 2, 161-174.