Showing 1 - 10 of 621
Persistent link: https://www.econbiz.de/10011279593
Persistent link: https://www.econbiz.de/10011964135
Persistent link: https://www.econbiz.de/10013464452
Persistent link: https://www.econbiz.de/10003976684
The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning – longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...
Persistent link: https://www.econbiz.de/10003958768
Persistent link: https://www.econbiz.de/10003991679
Persistent link: https://www.econbiz.de/10008729502
Persistent link: https://www.econbiz.de/10003964830
The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning - longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...
Persistent link: https://www.econbiz.de/10003965888
Persistent link: https://www.econbiz.de/10011556067