Add to ORKGThis paper explores differences in market ecology in a speculative financial market, the horserace betting market, and examines the impact these variations have on the information which returns seeking bettors need to incorporate in their subjective probability estimates. Conditional logit models are employed to demonstrate that different types of data influence the outcome of races distinguished by the degree to which the information environment is benign/hostile to bettors. The results suggest that the degree to which bettors use appropriate information in assessing horses' winning probabilities is influenced by market ecology and that this in turn affects the degree of efficiency in different market segments.MARKETS; EFFICIENCY; ECOLOGY;...
Betting markets have drawn much attention in the economics, finance and operational research literat...
Using race data from each Kentucky Derby from 1920 to 2005, we examine whether the horse wagering ma...
This paper looks for evidence of weak form inefficiency in the British racetrack betting market, in ...
This paper explores differences in market ecology in a speculative financial market, the horserace b...
This paper reviews the literature addressing the degree to which abnormal returns can be earned in h...
This paper explores the influence of market ecology on the tendency for subjective probabilities to ...
This short paper offers a critical appraisal of a recent contribution to the debate on efficiency in...
This short paper offers a critical appraisal of a recent contribution to the debate on efficiency in...
This paper reports the results of a field study examining the ability of decision-makers to effectiv...
We explore the extent to which the decisions of participants in a speculative market effectively acc...
This article offers a new perspective on efficiency in betting markets by examining the degree to wh...
We explore the extent to which the decisions of participants in a speculative market effectively acc...
This empirical and theoretical investigation into betting markets provides more evidence on the issu...
This thesis, which is divided into five papers, explores biased decision making in naturalistic envi...
This thesis is made up of three separate papers, all of which explore how decision makers discount i...
Betting markets have drawn much attention in the economics, finance and operational research literat...
Using race data from each Kentucky Derby from 1920 to 2005, we examine whether the horse wagering ma...
This paper looks for evidence of weak form inefficiency in the British racetrack betting market, in ...
This paper explores differences in market ecology in a speculative financial market, the horserace b...
This paper reviews the literature addressing the degree to which abnormal returns can be earned in h...
This paper explores the influence of market ecology on the tendency for subjective probabilities to ...
This short paper offers a critical appraisal of a recent contribution to the debate on efficiency in...
This short paper offers a critical appraisal of a recent contribution to the debate on efficiency in...
This paper reports the results of a field study examining the ability of decision-makers to effectiv...
We explore the extent to which the decisions of participants in a speculative market effectively acc...
This article offers a new perspective on efficiency in betting markets by examining the degree to wh...
We explore the extent to which the decisions of participants in a speculative market effectively acc...
This empirical and theoretical investigation into betting markets provides more evidence on the issu...
This thesis, which is divided into five papers, explores biased decision making in naturalistic envi...
This thesis is made up of three separate papers, all of which explore how decision makers discount i...
Betting markets have drawn much attention in the economics, finance and operational research literat...
Using race data from each Kentucky Derby from 1920 to 2005, we examine whether the horse wagering ma...
This paper looks for evidence of weak form inefficiency in the British racetrack betting market, in ...