The comparative decision-making behaviour of men and women has generated considerable attention in the literature, with recurrent issues including comparative performance, propensity to accept risk and confidence in decision-making. This study focuses on these three aspects of comparative...

This paper uses an analysis of betting decisions made in offcourse betting offices in the UK to explore differences between the nature of male and female betting behaviour. Specifically gender differences in levels of performance, propensity for risk taking and levels of confidence in betting...

This study complements the existing literature on decision-making processes and outcomes in complex settings by exploring the impact of different types of complexity on risk strategies in a naturalistic setting. The study analyses a large sample of decisions made by individuals in UK offcourse...

Using a novel dataset, which allows comparisons across heterogeneous sub-groups of pari-mutuel bettors, we demonstrate significant behaviour and performance distinctions between recreational and professional investors. Professionals’ ability to earn abnormal returns on short odds horses in...

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 certain...

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...

Previous literature has highlighted the need to consider explicitly gender differences in leisure behaviour. This paper directly addresses this issue by exploring differences in performance, risk propensity and confidence between males and females in off-course horserace betting — a leisure...