Behavioral Finance and Football Betting: A Note
Behaviorists argue that investors' fear of regret causes them to favor stocks that are popular and familiar. If bettors share that fear, they are more likely to place wagers on favorites vis-a-vis underdogs. Such a preference would inflate point spreads and possibly explain why underdogs in the National Football League produced a significantly nonrandom wins-to-bets ratio of nearly 52 percent over the 1991-2004 period.
Year of publication: |
2007
|
---|---|
Authors: | Kochman, Ladd ; Goodwin, Randy |
Published in: |
New York Economic Review. - New York State Economics Association - NYSEA. - Vol. 38.2007, 1, p. 82-84
|
Publisher: |
New York State Economics Association - NYSEA |
Saved in:
freely available
Saved in favorites
Similar items by person
-
The why and how of mutual fund standard deviations
Kochman, Ladd Michael, (2004)
-
Market efficiency and the Arena Football League : a note
Kochman, Ladd Michael, (2004)
-
Market efficiency and the women's NBA
Kochman, Ladd Michael, (2004)
- More ...