메뉴 건너뛰기




Volumn 13, Issue 4, 2000, Pages 413-430

Investigating the roots of the favourite-longshot bias: An analysis of decision making by supply- and demand-side agents in parallel betting markets

Author keywords

Betting; Bias; Decision making; Favourite longshot; Gambling; Risk

Indexed keywords


EID: 23044522650     PISSN: 08943257     EISSN: None     Source Type: Journal    
DOI: 10.1002/1099-0771(200010/12)13:4<413::AID-BDM360>3.0.CO;2-6     Document Type: Article
Times cited : (28)

References (21)
  • 4
    • 0002397711 scopus 로고    scopus 로고
    • How to be incoherent and seductive: Bookmakers' odds and support theory
    • Ayton P. 1997. How to be incoherent and seductive: Bookmakers' odds and support theory. Organizational Behavior and Human Decision Processes 72: 99-115.
    • (1997) Organizational Behavior and Human Decision Processes , vol.72 , pp. 99-115
    • Ayton, P.1
  • 5
    • 85037461683 scopus 로고
    • Modelling winning probability
    • Department of Statistics, University of Hong Kong
    • Bacon-Shone JH, Lo VSY, Busche K. 1982. Modelling winning probability. Research Report 10, Department of Statistics, University of Hong Kong.
    • (1982) Research Report , vol.10
    • Bacon-Shone, J.H.1    Lo, V.S.Y.2    Busche, K.3
  • 6
    • 0042048757 scopus 로고
    • Tests of the efficiency of racetrack betting using bookmaker odds
    • Bird R, McCrae M. 1987. Tests of the efficiency of racetrack betting using bookmaker odds. Management Science 33: 1552-1562.
    • (1987) Management Science , vol.33 , pp. 1552-1562
    • Bird, R.1    McCrae, M.2
  • 7
    • 10944261018 scopus 로고
    • Racetrack betting in Australia: A study of risk preferences and market efficiency
    • Eadington WR, Cornelius JA (eds). Institute for the Study of Gambling and Commercial Gaming: Reno
    • Bird R, McCrae M. 1994. Racetrack betting in Australia: A study of risk preferences and market efficiency. In Proceedings of the 7th International Conference on Gambling and Risk Taking, Eadington WR, Cornelius JA (eds). Institute for the Study of Gambling and Commercial Gaming: Reno; 228-258.
    • (1994) Proceedings of the 7th International Conference on Gambling and Risk Taking , pp. 228-258
    • Bird, R.1    McCrae, M.2
  • 8
    • 84946298171 scopus 로고
    • Toward an explanation of betting as a leisure pursuit
    • Bruce AC, Johnson JEV. 1992. Toward an explanation of betting as a leisure pursuit. Leisure Studies 11: 201-218.
    • (1992) Leisure Studies , vol.11 , pp. 201-218
    • Bruce, A.C.1    Johnson, J.E.V.2
  • 9
    • 0002880064 scopus 로고
    • Efficient market results in an Asian setting
    • Hausch DB, Lo VSY, Ziemba WT (eds). Academic Press: London
    • Busche K. 1994. Efficient market results in an Asian setting. In Efficiency of Racetrack Betting Markets, Hausch DB, Lo VSY, Ziemba WT (eds). Academic Press: London; 615-617.
    • (1994) Efficiency of Racetrack Betting Markets , pp. 615-617
    • Busche, K.1
  • 10
    • 0000956342 scopus 로고
    • An exception to the risk preference anomaly
    • Busche K, Hall CD. 1988. An exception to the risk preference anomaly. Journal of Business 61: 337-346.
    • (1988) Journal of Business , vol.61 , pp. 337-346
    • Busche, K.1    Hall, C.D.2
  • 11
    • 84925904105 scopus 로고
    • On the efficiency and equity of betting markets
    • Dowie J. 1976. On the efficiency and equity of betting markets. Economica 43: 139-150.
    • (1976) Economica , vol.43 , pp. 139-150
    • Dowie, J.1
  • 12
    • 0001969982 scopus 로고
    • Subjective information and market efficiency in a betting model
    • Figlewski S. 1979. Subjective information and market efficiency in a betting model. Journal of Political Economy 87: 75-88.
    • (1979) Journal of Political Economy , vol.87 , pp. 75-88
    • Figlewski, S.1
  • 13
    • 84934452879 scopus 로고
    • An examination of market efficiency in British racetrack betting
    • Gabriel PE, Marsden JR. 1990. An examination of market efficiency in British racetrack betting. Journal of Political Economy 98: 874-885.
    • (1990) Journal of Political Economy , vol.98 , pp. 874-885
    • Gabriel, P.E.1    Marsden, J.R.2
  • 16
    • 0039318818 scopus 로고
    • On the average probability of losing bets on horses with given starting price odds
    • Henery RJ. 1985. On the average probability of losing bets on horses with given starting price odds. Journal of the Royal Statistical Society 4: 342-349.
    • (1985) Journal of the Royal Statistical Society , vol.4 , pp. 342-349
    • Henery, R.J.1
  • 17
    • 0039346348 scopus 로고
    • Successful betting strategies: Evidence from the UK offcourse betting market
    • Eadington WR, Cornelius JA (eds). Institute for the Study of Gambling and Commercial Gaming: Reno
    • Johnson JEV, Bruce AC. 1992. Successful betting strategies: evidence from the UK offcourse betting market. In Gambling and Commercial Gaming: Essays in Business Economics, Philosophy and Science, Eadington WR, Cornelius JA (eds). Institute for the Study of Gambling and Commercial Gaming: Reno; 635-656.
    • (1992) Gambling and Commercial Gaming: Essays in Business Economics, Philosophy and Science , pp. 635-656
    • Johnson, J.E.V.1    Bruce, A.C.2
  • 18
    • 0041048041 scopus 로고
    • Gluck's second law: An empirical investigation of horserace betting in early and late races
    • Johnson JEV, Bruce AC. 1993. Gluck's second law: an empirical investigation of horserace betting in early and late races. Psychological Reports 72: 1251-1258.
    • (1993) Psychological Reports , vol.72 , pp. 1251-1258
    • Johnson, J.E.V.1    Bruce, A.C.2
  • 19
    • 0000125532 scopus 로고
    • Prospect theory: An analysis of decision under risk
    • Kahneman D, Tversky A. 1979. Prospect theory: an analysis of decision under risk. Econometrica 47: 263-291.
    • (1979) Econometrica , vol.47 , pp. 263-291
    • Kahneman, D.1    Tversky, A.2
  • 20
    • 0041048042 scopus 로고
    • Toward a psychology of parimutuel behavior: Test of Gluck's Law's
    • Kopelman RE, Minkin BL. 1991. Toward a psychology of parimutuel behavior: test of Gluck's Law's. Psychological Reports 68: 701-702.
    • (1991) Psychological Reports , vol.68 , pp. 701-702
    • Kopelman, R.E.1    Minkin, B.L.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.