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Efficiency of Racetrack Betting Markets
Edited by Donald B Hausch,
Victor SY Lo and
William T Ziemba
in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.
Abstract:
A reprint of one of the classic volumes on racetrack efficiency, this book is the only one in its field that deals with the racetrack betting market in-depth, containing all the important historical papers on racetrack efficiency. As evidenced by the collection of articles, the understanding of racetrack betting is clearly drawn from, and has correspondingly returned something to, all the fields of psychology, economics, finance, statistics, mathematics and management science.
Keywords: Racetrack Efficiency; Racetrack Betting Market; Racetrack Betting; Win Market; Finance (search for similar items in EconPapers)
Date: 2008
ISBN: 9789812819185
References: Add references at CitEc
Citations:
Downloads: (external link)
https://www.worldscientific.com/worldscibooks/10.1142/6910 (text/html)
Ebook Access is available upon purchase
Chapters in this book: - Ch 1 INTRODUCTION , pp 1-3
- Donald B HauschVictor SY LoWilliam T Ziemba
- Ch 2 Introduction to Psychological Studies , pp 7-8
- Donald B. Hausch, Victor S. Y. Lo and William T. Ziemba
- Ch 3 ODDS ADJUSTMENTS BY AMERICAN HORSE-RACE BETTORS , pp 9-13
- R. M. Griffith
- Ch 4 STABILITY OF CHOICES AMONG UNCERTAIN ALTERNATIVES , pp 15-26
- William H. McGlothlin
- Ch 5 A FOOTNOTE ON HORSE RACE BETTING , pp 27-30
- Richard M. Griffith
- Ch 6 BIASES IN BETTING: AN APPLICATION OF LABORATORY FINDINGS , pp 31-36
- Mary Ann Metzger
- Ch 7 Introduction to Utility Preferences of Racetrack Bettors , pp 39-40
- Donald B. Hausch, Victor S. Y. Lo and William T. Ziemba
- Ch 8 ON THE ROBUSTNESS OF THE ARROW–PRATT RISK AVERSION MEASURE , pp 41-46
- J. G. Kallberg and W. T. Ziemba
- Ch 9 UTILITY ANALYSIS AND GROUP BEHAVIOR AN EMPIRICAL STUDY , pp 47-55
- Martin Weitzman
- Ch 10 GAMBLING AND RATIONALITY , pp 57-70
- Richard N. Rosett
- Ch 11 Probability and Utility Estimates for Racetrack Bettors , pp 71-83
- Mukhtar M. Ali
- Ch 12 Introduction to Economics and Mathematical Insights , pp 87-91
- Donald B. Hausch, Victor S. Y. Lo and William T. Ziemba
- Ch 13 OPTIMAL HORSE RACE BETS , pp 93-97
- Rufus Isaacs
- Ch 14 Concavity Properties of Racetrack Betting Models , pp 99-107
- J. G. Kallberg and W. T. Ziemba
- Ch 15 OPTIMAL BETS IN PARI-MUTUEL SYSTEMS , pp 109-125
- Nissan Levin
- Ch 16 GROWTH VERSUS SECURITY IN DYNAMIC INVESTMENT ANALYSIS , pp 127-150
- L. C. Maclean, W. T. Ziemba and G. Blazenko
- Ch 17 SEARCHING FOR POSITIVE RETURNS AT THE TRACK: A MULTINOMIAL LOGIT MODEL FOR HANDICAPPING HORSE RACES , pp 151-171
- Ruth Bolton and Randall G. Chapman
- Ch 18 STILL SEARCHING FOR POSITIVE RETURNS AT THE TRACK: EMPIRICAL RESULTS FROM 2,000 HONG KONG RACES , pp 173-181
- Randall G. Chapman
- Ch 19 Computer Based Horse Race Handicapping and Wagering Systems: A Report , pp 183-198
- William Benter
- Ch 20 An Empirical Cross-validation of Alternative Classification Strategies Applied to Harness Racing Data for Win Bets , pp 199-212
- Larry H. Ludlow
- Ch 21 Assigning Probabilities to the Outcomes of Multi-Entry Competitions , pp 213-217
- David A. Harville
- Ch 22 Permutation Probabilities as Models for Horse Races , pp 219-224
- R. J. Henery
- Ch 23 Estimating the Probabilities of the Outcomes of a Horse Race (Alternatives to the Harville Formulas) , pp 225-235
- Hal S. Stern
- Ch 24 Application of Running Time Distribution Models in Japan , pp 237-247
- Victor S. Y. Lo
- Ch 25 Introduction to the Efficiency of Win Markets and the Favorite-Longshot Bias , pp 251-253
- Donald B. Hausch, Victor S. Y. Lo and William T. Ziemba
- Ch 26 Anomalies Parimutuel Betting Markets: Racetracks and Lotteries , pp 255-268
- Richard Thaler and William T. Ziemba
- Ch 27 HORSE RACING: TESTING THE EFFICIENT MARKETS MODEL , pp 269-278
- Wayne W. Snyder
- Ch 28 Back on the Track with the Efficient Markets Hypothesis , pp 279-283
- Robert L. Losey and John C. Talbott
- Ch 29 Subjective Information and Market Efficiency in a Betting Market , pp 285-298
- Stephen Figlewski
- Ch 30 RACETRACK BETTING AND INFORMED BEHAVIOR , pp 299-306
- Peter Asch, Burton G. Malkiel and Richard E. Quandt
- Ch 31 Application of Logit Models in Racetrack Data , pp 307-314
- Victor S. Y. Lo
- Ch 32 BETTING AND EQUILIBRIUM , pp 315-321
- Richard E. Quandt
- Ch 33 DIFFERENCES OF OPINION AT THE RACETRACK , pp 323-341
- Stephen R. Blough
- Ch 34 PRICES OF STATE CONTINGENT CLAIMS WITH INSIDER TRADERS, AND THE FAVOURITE-LONGSHOT BIAS , pp 343-352
- Hyun Song Shin
- Ch 35 Introduction to Prices vs. Handicapping: Place and Show Anomalies , pp 355-356
- Donald B. Hausch, Victor S. Y. Lo and William T. Ziemba
- Ch 36 Market Efficiency in Racetrack Betting , pp 357-367
- Peter Asch, Burton G. Malkiel and Richard E. Quandt
- Ch 37 Market Efficiency in Racetrack Betting: Further Evidence and a Correction , pp 369-372
- Peter Asch, Burton G. Malkiel and Richard E. Quandt
- Ch 38 EFFICIENCY OF THE MARKET FOR RACETRACK BETTING , pp 373-390
- Donald B. Hausch, William T. Ziemba and Mark Rubinstein
- Ch 39 TRANSACTIONS COSTS, EXTENT OF INEFFICIENCIES, ENTRIES AND MULTIPLE WAGERS IN A RACETRACK BETTING MODEL , pp 391-404
- Donald B. Hausch and William T. Ziemba
- Ch 40 Arbitrage Strategies for Cross-Track Betting on Major Horse Races , pp 405-422
- Donald B. Hausch and William T. Ziemba
- Ch 41 Locks at the Racetrack , pp 423-430
- Donald B. Hausch and William T. Ziemba
- Ch 42 RACETRACK BETTING–AN EXAMPLE OF A MARKET WITH EFFICIENT ARBITRAGE , pp 431-441
- Jay Ritter
- Ch 43 Introduction to the Efficiency of Exotic Wagering Markets , pp 445-446
- Donald B. Hausch, Victor S. Y. Lo and William T. Ziemba
- Ch 44 SOME EVIDENCE OF THE EFFICIENCY OF A SPECULATIVE MARKET , pp 447-452
- Mukhtar M. Ali
- Ch 45 Efficiency and Profitability in Exotic Bets , pp 453-463
- Peter Asch and Richard E. Quandt
- Ch 46 How Accurately Do Bettors Bet in Doubles ? , pp 465-468
- Victor S. Y. Lo and Kelly Busche
- Ch 47 Pricing Exotic Racetrack Wagers , pp 469-483
- Donald B. Hausch, Victor S. Y. Lo and William T. Ziemba
- Ch 48 ON THE EFFICIENCY OF THE MARKET FOR DOUBLE (QUINELLA) BETS AT A FINNISH RACETRACK , pp 485-498
- Antti Kanto and Gunnar Rosenqvist
- Ch 49 EFFICIENT MARKET ADJUSTMENT OF ODDS PRICES TO REFLECT TRACK BIASES , pp 499-510
- Brian R. Canfield, Bruce C. Fauman and William T. Ziemba
- Ch 50 POST POSITION BIAS: An Econometric Analysis of the 1987 Season at Exhibition Park , pp 511-526
- Sandra Betton
- Ch 51 Introduction to the Efficiency of Racetrack Betting Markets in England , pp 529-531
- Donald B. Hausch, Victor S. Y. Lo and William T. Ziemba
- Ch 52 On the Efficiency and Equity of Betting Markets , pp 533-544
- Jack Dowie
- Ch 53 Winning Systems?: Some Further Evidence on Insiders and Outsiders in British Horse Race Betting , pp 545-549
- Nicholas Crafts
- Ch 54 An Examination of Market Efficiency in British Racetrack Betting , pp 551-562
- Paul E. Gabriel and James R. Marsden
- Ch 55 An Examination of Efficiency in British Racetrack Betting: Errata and Corrections , pp 563-565
- Paul Gabriel and James R. Marsden
- Ch 56 The Dr. Z Betting System in England , pp 567-574
- William T. Ziemba and Donald B. Hausch
- Ch 57 THE EFFICIENCY OF RACETRACK BETTING MARKETS: AUSTRALIAN EVIDENCE , pp 575-582
- Ron Bird and M. McCrae
- Ch 58 ANOMALIES IN THE GAMBLING MARKET , pp 583-591
- R. H. Tuckwell
- Ch 59 TESTS OF THE EFFICIENCY OF RACETRACK BETTING USING BOOKMAKER ODDS , pp 593-603
- Ron Bird and Michael McCrae
- Ch 60 An Exception to the Risk Preference Anomaly , pp 605-614
- Kelly Busche and Christopher D. Hall
- Ch 61 Efficient Market Results in an Asian Setting , pp 615-616
- Kelly Busche
- Ch 62 Cross-Track Betting: Is the Crass Greener on the Other Side ? , pp 617-629
- Siew Meng Leong and Kian Guan Lim
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