Probability models on horse-race outcomes

Journal of Applied Statistics

Volumn 25, Issue 2, 1998, Pages 221-229

  Ali, Mukhtar M ^a  

^a UNIVERSITY OF KENTUCKY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0344861702     PISSN: 02664763     EISSN: None     Source Type: Journal    
DOI: 10.1080/02664769823205     Document Type: Article

References (24)

1. ALI, M. M. (1977) Probability and utility estimates for racetrack betters, Journal of Political Economy, 84, pp. 803-815.
2. ALI, M. M. (1979) Some evidence on the efficiency of a speculative market, Econometrica, 47, pp. 387-392.
3. ASCH, P., MALKIEL, B. & QUANDT, R. (1982) Racetrack betting and informed behavior, Journal of Financial Economics, 10, pp. 187-194.
4. BACON-SHONE, J., LO, V. S. Y. & BUSCHE, K. (1992) Logistic analyses for complicated bets, Research Report 11, Department of Statistics, University of Hong Kong.
5. CRITCHLOW, D. E., FLIGNER, M. A. & VERDUCCI, J. S. (1991) Probability models on ranking, Journal of Mathematical Psychology, 35, pp. 294-318.
6. DANIELS, H. E. (1950) Rank correlation and population modes, Biometrika, 33, pp. 129-135.
7. DOWIE, J. (1976) On the efficiency and equity of betting markets, Economica, 43, pp. 139-150.
8. FABRICAND, B. F. (1965) Horse Sense (New York, David McKay).
9. FIGLEWSKI, S. (1979) Subjective information and market efficiency in a betting model, Journal of Political Economy, 87, pp. 75-88.
10. HARVILLE, D. A. (1973) Assigning probabilities to the outcomes of multi-entry competitions, Journal of the American Statistical Association, 68, pp. 312-316.
11. HAUSCH, D. B., ZIEMBA, W. T. & RUBINSTEIN, M. (1981) Efficiency of the market for racetrack betting, Management Science, 27, pp. 1435-1452.
12. HENERY, R. J. (1981) Permutation probabilities as models for horse races, Journal of the Royal Statistical Society, Series B, 43, pp. 86-91.
13. HENERY, R. J. (1983) Permutation probabilities for gamma random variables, Journal of Applied Probability, 20, pp. 822-834.
14. LO, V. S. Y (1992) Statistical Modelling of Gambling Probabilities, PhD dissertation, Department of Statistics, University of Hong Kong.
15. LO, V. S. Y. & BACON-SHONE, J. (1994) A comparison between two models for predicting ordering probabilities in multiple-entry competitions, The Statistician, 43, pp. 1-11.
16. LO, V. S. Y., BACON-SHONE, J. & BUSCHE, K. (1994) The application of ranking probability models to racetrack betting, Research Report 18, Department of Statistics, University of Hong Kong.
17. LUCE, R. D. (1959) Individual Choice Behavior (New York, Wiley).
18. MARQUARDT, D. W. (1963) An algorithm for least squares estimation of non-linear parameters, Journal of the Society for Industrial and Applied Mathematics, 11, pp. 431-441.
19. MOSTELLER, F. (1951) Remarks on the method of paired comparisons. I. The least squares solution assuming equal standard deviation and equal correlations, Psychometrika, 16, pp. 3-9.
20. PLACKETT, R. L. (1975) The analysis of permutations, Applied Statistics, 24, pp. 193-202.
21. SNYDER, W. (1978) Horse racing: testing for efficient markets model, Journal of Finance, 33, pp. 1109-1118.
22. STERN, H. (1990) Models for Distributions on permutations, Journal of the American Statistical Association, 85, pp. 558-564.
23. THURSTONE, L. L. (1927) A law of comparative judgement, Psychological Reviews, 34, pp. 273-286.
24. WEITZMAN, M. (1965) Utility analysis and group behavior, Journal of Political Economy, 73, pp. 18-26.