Schmidt, Carsten; Werwatz, Axel - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002
For the Euro 2000 Soccer Championships an experimental asset market was conducted, with traders buying and selling contracts on the winners of individual matches. Market-generated probabilites are compared to professional bet quotas, and factors that are responsible for the quality of the market...