Information Efficiency in Financial and Betting Markets

ISBN: 9780521108171 出版年：2005 页码：412 Leighton Vaughan Williams Cambridge University Press

List of figures List of tables List of contributors Introduction Part I: The Concept of Information Efficiency: 1. Information efficiency in financial markets Leighton Vaughan Williams 2. Weak form information efficiency in betting markets Leighton Vaughan Williams 3. Semi-strong and strong form information efficiency in betting markets Leighton Vaughan Williams Part II. Selected Readings: 4. An assessment of quasi-arbitrage opportunities in two fixed-odds horse-race betting markets Michael A. Smith, David Paton and Leighton Vaughan Williams 5. The presence of favourites and biases in bookmakers' odds William Collier and John Peirson 6. Searching for semi-strong form inefficiency in the UK racetrack betting market Ming-Chien Sung, Johnnie E. V. Johnson and Alistair C. Bruce 7. Models, markets, polls and pundits: a case study of information efficiency Leighton Vaughan Williams 8. Longshot bias: insights from the betting market on men's professional tennis David Forrest and Ian McHale 9. Biases and insider trading in exotic bets on thoroughbreds Les Coleman and Martin McGrath 10. On the improbability of information efficient parimutuel betting markets in the presence of heterogeneous beliefs William Hurley and Lawrence McDonough 11. Modelling gambling demand in a laboratory casino: discovering the importance of individual-specific effects W. David Walls and Patrick J. Harvey 12. Market efficiency of the 50-30-20-10 horse-racing spread betting market Paul M. Twomey 13. Insider trading and bias in a market for state-contingent claims Adi Schnytzer and Yuval Shilony 14. Rationality and efficiency in lotto games Victor A. Matheson and Kent R. Grote 15. Efficiency of the odds on English professional football matches David Forrest and Robert Simmons 16. Modelling distance preference in flat racing via average velocity David Edelman 17. Testing for market efficiency in gambling markets: some observations and new statistical tests based on a bootstrap method Ivan A. Paya, David A. Peel, David Law and John Peirson 18. Information (in)efficiency in prediction markets Erik Snowberg, Justin Wolfers and Eric Zitzewitz Index.