Its basic empirical research and investigation of pure theories of investmentin the sports and lotto markets make this volume a winner. With new overviewsof scholarship on the industry side of racetrack and other betting markets tobetting exchanges and market efficiencies, contributors consider a variety ofsports in countries around the world. The result is not only superior information about market forecasting, but macro- and micro-analyses that are relevantto other markets as well.* Major focus on the variety of market efficiencies * Significant coverage of sports from racing to jai alai.* New studies of betting exchanges and internet wagering markets. ‘This timely and valuable volume showcases the frontier research in prediction markets by the very best researchers in the field. Issues of information aggregation and how the institutionalbackdrop influence such aggregation are age-old questions in Economics and Finance. The papers in this volume survey the current frontier, show how bettingmarkets allow questions to be posed more sharply, and so yield more robust conclusions than is possible in more complex financial markets. The insights gained have many potentially fruitful applications in the design of institutions that promote information efficiency and for public policy more generally.’--Hyun Song Shin, Princeton University’Hausch and Ziemba have produced a superb volume replete with papers from leading scholars in the economics of sports wagering and lotteries.’--Raymond Sauer, Clemson UniversityThe editors of this book have assembled a set of world-renowned scholars to produce an accessible andauthoritative review of the behavior of sports betting and lottery markets. The volume is essential reading for students and practitioners involved in betting markets.--Rob Simmons, Lancaster University
- ISBN: 978-0-444-50744-0
- Editorial: Elsevier Science
- Encuadernacion: Cartoné
- Páginas: 560
- Fecha Publicación: 17/10/2008
- Nº Volúmenes: 1
- Idioma: Inglés