An Exception to the Risk Preference Anomaly

Kelly Busche and Christopher D. Hall
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Kelly Busche: University of Hong Kong, Hong Kong
Christopher D. Hall: University of Hong Kong, Hong Kong

Chapter 60 in Efficiency of Racetrack Betting Markets, 2008, pp 605-614 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionRisk Preference?The DataRevealed “Risk Attitudes” Assuming True Win ProbabilitiesThe Empirical Case For and Against Risk Preference: Inferred Win ProbabilitiesGrouping by Pari-mutuel OddsGrouping by Favorite PositionThe Classification ProblemA Final NoteReferences

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