GAMBLING AND RATIONALITY

Richard N. Rosett
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Richard N. Rosett: University of Rochester, USA

Chapter 10 in Efficiency of Racetrack Betting Markets, 2008, pp 57-70 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:INTRODUCTIONPARI-MUTUEL BETTINGBETTING COMBINATIONSTHE THEORETICAL RELATION BETWEEN RETURNS AND PROBABILITIESRACE-TRACK DATATHE EMPIRICAL RELATION BETWEEN RETURN AND THE PROBABILITY OF WINNINGCONCLUSIONSAPPENDIX A LIMITS ON THE p − R RELATIONAPPENDIX B THE PARLAY RELATIONAPPENDIX C THE MARTINGALE RELATION

Keywords: Racetrack Efficiency; Racetrack Betting Market; Racetrack Betting; Win Market; Finance (search for similar items in EconPapers)
Date: 2008
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