Essays about: "Long shot bias"

Found 1 essay containing the words Long shot bias.

  1. 1. Information and Prices on a Betting Exchange: A Study of the Market Microstructure and the Efficiency of a Betting Exchange

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Robert Bongart; Johan Conradsson; [2006]
    Keywords : Betting; Betting Exchange; Market Efficiency; Long shot bias;

    Abstract : We study the market microstructure of betting exchanges and investigate whether this new betting market is efficient by looking at 50 561 transactions conducted by 214 traders. Given that betting exchanges have many characteristics in common with financial exchanges, we hypothesize an odds clearing equilibrium framework in order to study efficiency on this specific market. READ MORE