Research on sports betting markets has generally found a favorite-longshot bias, the empirical pattern for loss rates …. The existing literature focuses largely on pari-mutuel betting but favorite-longshot bias is also evident in fixed …-odds online betting markets of the type that are growing rapidly around the world. Explanations for this bias in previous work on …

Weather influences our daily lives and choices and has an enormous impact on cooperate revenues and earnings. Weather … derivatives differ from most derivatives in that the underlying weather cannot be traded and their market is relatively illiquid …. The weather derivative market is therefore incomplete. This paper implements a pricing methodology for weather derivatives …

Certainly, economic activity is influenced by weather conditions. In short term economic forecast, normal weather … and do not take into account specific weather conditions such as unusually mild or cold winters. In particular in the … cyclical reasons ore merely reflect specific weather conditions. The paper shows that this uncertainty leads to biased forecast …

out to be a valuable proxy, if it is corrected for influences from calendar and weather. Indeed, this proxy suggests that …