Showing 1 - 10 of 17,582
We report striking evidence of semi-strong inefficiency in the UK fixed-odds football betting market using a reputable newspaper tipster which offers probabilities of match outcomes rather than simple result indicators. Betting on the Fink Tank probabilities of home wins across 10 bookmakers,...
Persistent link: https://www.econbiz.de/10010243562
Clock rule changes were introduced in the 2006 season with the goal of reducing the average duration of the game; these changes were reversed in 2007. In addition, in 2007 the kickoff rule was changed to create more excitement and potentially more scoring. We examine what happened to actual and...
Persistent link: https://www.econbiz.de/10010373272
This paper investigates whether the sentimental preferences of investors influence market efficiency. We use a betting exchange market environment to analyze the influence of sentimental bettors on market efficiency in 2,333 soccer matches played between 2006-2014 during the last three hours of...
Persistent link: https://www.econbiz.de/10012209059
assumption of a homogeneous bettor population with a preference for risk. However, the risk-love explanation has also been … be the market equilibrium outcome even with risk neutral bettors and even if the median estimate is correct. We provide … evidence on four different types of bets broadly consistent with the noisy estimates assumption but not with the risk …
Persistent link: https://www.econbiz.de/10005256324
Drawing on data from 916 Division 1 men’s college hockey games played during a recent six-year period in the Western Collegiate Hockey Association (WCHA), we find evidence that positive momentum within 458 two-game series does not exist when controlling for team quality. We find that neither...
Persistent link: https://www.econbiz.de/10010743719
This paper presents an investigation into the properties of a stochastic process whereby the value of a fund grows arithmetically and decays geometrically over discrete time periods. While this general structure is applicable to many situations, it is particularly prevalent in many casino games....
Persistent link: https://www.econbiz.de/10010798279
In a unique study Harbaugh, Krause and Vesterlund (2002), reported the interesting result that children exhibit different probability weighting to adults. In particular, children underweighted small probabilities. An objective of this paper is to re-examine this issue employing children...
Persistent link: https://www.econbiz.de/10008671241
includes the attractiveness of risk, subjective probability, and the utility of money. We tested the favourite-longshot bias …
Persistent link: https://www.econbiz.de/10008800414
Persistent link: https://www.econbiz.de/10011419879
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