Browsing: Betting
The formal political betting markets appear to have largely disappeared by 1944, though informal bets continued to take place right…
Betting markets, whether markets for bets on horse races, sports, or lotteries, offer an ideal naturalistic environment in which to…
In closing, let me discuss the consequences of bettors’ varying motivations for betting markets. Perhaps the most important economic question…
The latest attempt by Congress to curtail sports gambling was made in October 2006, when it passed the Unlawful Internet…
Alistair Bruce of the University of Nottingham examines individual motivations for betting, synthesizing perspectives from economics, psychology, and sociology. His…
These markets are chiefly an Internet phenomenon, leveraging the ability of a large number of participants to quickly and cheaply…
An important consideration is that the hot hand and gambler’s fallacies appear at first to be opposite effects. While bettors…
Charles Clotfelter and Philip Cook (1993) undertook one of the early studies using real betting data to investigate the gambler’s…
Last but not least, another unique feature associated with the practice in Asian casino gaming markets is the relatively high…
Despite the conceptual robustness of the law of demand (Marshall [1890] 1997, ch. 3; Samuelson and Nordhaus 1995, 24), it…