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Wyścigi konne jako element gospodarki światowej

Wincewicz-Bosy, Marta - In: Problems of World Agriculture / Problemy Rolnictwa … 11 (2011) 26

This article presents horse racing as a part of the world economy, forming a specific system of entities, including international organizations, state institutions and subcontractors. It generates various types of relationships and flows, with an increasing level of internationalization. It...

Persistent link: https://www.econbiz.de/10011125573

Does society underestimate women? Evidence from the performance of female jockeys in horse racing

Brown, Alasdair; Yang, Fuyu - In: Journal of Economic Behavior & Organization 111 (2015) C, pp. 106-118

Women are under-represented in many top jobs. We investigate whether biased beliefs about female ability – a form of ‘mistake-based discrimination’ – are partially responsible for this under-representation. We use more than 10 years of data on the performance of female jockeys in U.K....

Persistent link: https://www.econbiz.de/10011208882

Does International Simulcast Wagering Reduce Live Handle at Canadian Racetracks

Humphreys, Brad; Soebbing, Brian - In: Journal of Gambling Business and Economics 6 (2012) 3, pp. 47-62

Consumer interest in horse racing has declined significantly in North America. In an attempt to reverse this decline, additional gambling opportunities, including simulcast betting, have been added at race tracks. This paper investigates the impact of simulcast betting on live racing handle at...

Persistent link: https://www.econbiz.de/10010801239

Time to Unbridle U.S. Thoroughbred Racetracks? Lessons from Australian Bookies

Moul, Charles; Keller, Joseph - In: Review of Industrial Organization 44 (2014) 3, pp. 211-239

We consider a policy reform that would relax price controls in American pari-mutuel wagering on horse racing by examining bookie behavior in Australia’s fixed-odds gambling sector. Descriptive regressions indicate that bookmaker takeouts (the effective prices of races) vary substantially and...

Persistent link: https://www.econbiz.de/10010988277

Recreational versus professional bettors: Performance differences and efficiency implications

Bruce, A.C.; Johnson, J.E.V.; Peirson, J. - In: Economics Letters 114 (2012) 2, pp. 172-174

Using a novel dataset, which allows comparisons across heterogeneous sub-groups of pari-mutuel bettors, we demonstrate significant behaviour and performance distinctions between recreational and professional investors. Professionals’ ability to earn abnormal returns on short odds horses in...

Persistent link: https://www.econbiz.de/10010576479

Examining the Halo Effect in Lotto Games

Matheson, Victor; Grote, Kent - Department of Economics and Accounting, College of the … - 2005

Powerball lottery finds evidence that the halo effect exists and that it is the result of bettors exchanging prize winnings for …

Persistent link: https://www.econbiz.de/10005526876

Is There a â€œPessimisticâ€\x9D Bias in Individual Beliefs? Evidence from a Simple Survey

Mansour, Selima; Jouini, Elyès; Napp, Clotilde - In: Theory and Decision 61 (2006) 4, pp. 345-362

bias toward pessimism in their beliefs, in a lottery or more generally in an investment opportunities framework. In this …

Persistent link: https://www.econbiz.de/10005542821

Dueling Jackpots: Are Competing Lotto Games Complements or Substitutes?

Matheson, Victor; Grote, Kent - Department of Economics and Accounting, College of the … - 2004

This paper considers the relationship that exists between two lottery products offered simultaneously in the same state …, a smaller lottery game run by the individual state and a larger multi-state game run in coordination with other states … to be complements to one another, overall the individually run state lottery games experience a reduction in sales from …

Persistent link: https://www.econbiz.de/10005545415

In Search of a Fair Bet in the Lottery

Matheson, Victor; Grote, Kent - Department of Economics and Accounting, College of the … - 2004

Although state-operated lotto games have the worst average expected payoffs among common games of chance, because the jackpot can accumulate, the maximum expected payoff is potentially unlimited. It is possible, therefore, that lotto can exhibit a positive expected return. This paper examines...

Persistent link: https://www.econbiz.de/10005545434

Spreading the Fortune: The Distribution of Lottery Prizes across Countries

Matheson, Victor; Grote, Kent - Department of Economics and Accounting, College of the … - 2009

paper extends this analysis to all current U.S. state and multi-state lotto-style lottery games as well as to a sample of …

Persistent link: https://www.econbiz.de/10005545439