Information Efficiency in Financial and Betting Markets
Editat de Leighton Vaughan Williamsen Limba Engleză Paperback – 8 apr 2009
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Specificații
ISBN-13: 9780521108171
ISBN-10: 0521108179
Pagini: 412
Ilustrații: 33 tables
Dimensiuni: 152 x 229 x 23 mm
Greutate: 0.6 kg
Editura: Cambridge University Press
Colecția Cambridge University Press
Locul publicării:Cambridge, United Kingdom
ISBN-10: 0521108179
Pagini: 412
Ilustrații: 33 tables
Dimensiuni: 152 x 229 x 23 mm
Greutate: 0.6 kg
Editura: Cambridge University Press
Colecția Cambridge University Press
Locul publicării:Cambridge, United Kingdom
Cuprins
List of figures; List of tables; List of contributors; Introduction; Part I: The Concept of Information Efficiency: 1. Information efficiency in financial markets Leighton Vaughan Williams; 2. Weak form information efficiency in betting markets Leighton Vaughan Williams; 3. Semi-strong and strong form information efficiency in betting markets Leighton Vaughan Williams; Part II. Selected Readings: 4. An assessment of quasi-arbitrage opportunities in two fixed-odds horse-race betting markets Michael A. Smith, David Paton and Leighton Vaughan Williams; 5. The presence of favourites and biases in bookmakers' odds William Collier and John Peirson; 6. Searching for semi-strong form inefficiency in the UK racetrack betting market Ming-Chien Sung, Johnnie E. V. Johnson and Alistair C. Bruce; 7. Models, markets, polls and pundits: a case study of information efficiency Leighton Vaughan Williams; 8. Longshot bias: insights from the betting market on men's professional tennis David Forrest and Ian McHale; 9. Biases and insider trading in exotic bets on thoroughbreds Les Coleman and Martin McGrath; 10. On the improbability of information efficient parimutuel betting markets in the presence of heterogeneous beliefs William Hurley and Lawrence McDonough; 11. Modelling gambling demand in a laboratory casino: discovering the importance of individual-specific effects W. David Walls and Patrick J. Harvey; 12. Market efficiency of the 50–30–20–10 horse-racing spread betting market Paul M. Twomey; 13. Insider trading and bias in a market for state-contingent claims Adi Schnytzer and Yuval Shilony; 14. Rationality and efficiency in lotto games Victor A. Matheson and Kent R. Grote; 15. Efficiency of the odds on English professional football matches David Forrest and Robert Simmons; 16. Modelling distance preference in flat racing via average velocity David Edelman; 17. Testing for market efficiency in gambling markets: some observations and new statistical tests based on a bootstrap method Ivan A. Paya, David A. Peel, David Law and John Peirson; 18. Information (in)efficiency in prediction markets Erik Snowberg, Justin Wolfers and Eric Zitzewitz; Index.
Descriere
Analyses information efficiency in both financial and betting markets.
Notă biografică
Professor Leighton Vaughan Williams is Professor of Economics and Finance and Director of the Betting Research Unit at Nottingham Business School, Nottingham Trent University.