Browsing: Betting
An important consideration is that the hot hand and gambler’s fallacies appear at first to be opposite effects. While bettors…
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…
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…
Although the casino industry argues that it spurs local and regional economic growth by providing high-paying jobs and paying taxes…
Now consider the effect of introducing a tax on this casino game. The most common form of tax applied to…
The operation of betting markets is straightforward, which helps in the analysis of decision-making behavior. Specifically, in a betting market…
Point spread wagering markets parallel financial markets in numerous ways. Both markets are characterized by the presence of rational investors,…
According to Sauer (1998) and Richard E. Quandt (1986), three forms of wagering are prominent in the relevant economic literature:…
