Browsing: Cricket Betting
The formal political betting markets appear to have largely disappeared by 1944, though informal bets continued to take place right…
In closing, let me discuss the consequences of bettors’ varying motivations for betting markets. Perhaps the most important economic question…
An important consideration is that the hot hand and gambler’s fallacies appear at first to be opposite effects. While bettors…
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…
Point spread wagering markets parallel financial markets in numerous ways. Both markets are characterized by the presence of rational investors,…
As already noted, the field of behavioral finance permits human decision-making behavior that violates the principles of either Bayes’ theorem,…
The Generalizability of Findings from Laboratory Studies At the heart of this discussion is the distinction between experiments conducted under…