This article is an analysis of the price movements in a speculative market at closing. Specifically, we look at 1644 US horse races and analyse the change in betting pool totals and their suggested probabilities to confirm that late wagers on average come from more informed bettors. Almost 40%...

Previous studies have found some degree of inefficiency in betting markets. However, it is difficult to implement a strategy to take advantage of these biases. This article investigates and attempts to arbitrage interrelated betting markets by undertaking three betting simulations using two...

Previous studies of the National Hockey League (NHL) betting market claim a general movement towards efficiency over the last two decades. These studies, however, assume a homogenous betting market with regards to the time of year in which bets are placed. Differences in available...

The collapse of the clearinghouse for the entry-level gastroenterology labor market offers a unique opportunity to study how stable clearinghouses succeed and fail. To explore the reasons for the failure of the clearinghouse (and why failures of this kind of clearinghouse have been so rare), we...

The collapse of the clearinghouse for the entry-level gastroenterology labor market offers a unique opportunity to study how stable clearinghouses succeed and fail. To explore the reasons for the failure of the clearinghouse (and why failures of this kind of clearinghouse have been so rare), we...