This paper introduces an improved approach for forecasting the outcome of horseraces. Building upon previous literature, a state-of-the-art modelling paradigm is developed which integrates least-square support vector regression and conditional logit procedures to predict horses' winning...

The aim of much horserace modelling is to appraise the informational efficiency of betting markets. The prevailing approach involves forecasting the runners’ finish positions by means of discrete or continuous response regression models. However, theoretical considerations and empirical...

This paper explores the use of the anchoring and adjustment heuristic by decision makers in a financial market; in particular, the degree to which horserace bettors anchor their probability judgments on the advantage afforded by a horse‟s barrier-position. The results suggest that under...

The stock market capitalization (SMC) of a country, defined as the aggregated market value equity of companies in the respective equity market, is commonly used to measure the widening and deepening of stock market activity. SMC also influences economic growth predictions and public consensus...