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On the improbability of informationally efficient parimutuel betting markets in the presence of heterogeneous beliefs

Hurley, William J.; McDonough, Lawrence C. - In: Information efficiency in financial and betting markets, (pp. 247-261). 2005

Persistent link: https://www.econbiz.de/10003238546

Rationality and efficiency in lotto games

Matheson, Victor A.; Grote, Kent R. - In: Information efficiency in financial and betting markets, (pp. 313-329). 2005

Persistent link: https://www.econbiz.de/10003238552

Testes de racionalidade para loterias no Brasil

Lima, Marcos André Mattos de; Resende, Marcelo - In: Economia aplicada : EA 10 (2006) 2, pp. 181-191

Persistent link: https://www.econbiz.de/10003383104

A test of the rational expectations hypothesis using data from a natural experiment

Conte, Anna; Moffatt, Peter G.; Botti, Fabrizio; … - 2009

Data on contestants' choices in Italian Game Show Affari Tuoi are analysed in a way that separates the effect of risk attitude (preferences) from that of beliefs concerning the amount of money that will be offered to contestants in future rounds. The most important issue addressed in the paper...