DIFFERENCES OF OPINION AT THE RACETRACK

Stephen R. Blough
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Stephen R. Blough: Federal Reserve Bank of Boston, USA

Chapter 33 in Efficiency of Racetrack Betting Markets, 2008, pp 323-341 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionThe Horseacing MarketBehavior of BettorsDetermination of Market OddsTrack Take and Optimal BetsRaces with 2 HorsesRaces with J HorsesRisk Loving with Homogeneous BeliefsHeterogeneous Beliefs with Risk Neutral BettorsRisk Loving Bettors with Heterogeneous BeliefsIllustration with Log–Normal DistributionEstimation TechniqueDescription of DataResultsConclusionReferences

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