Title Efficiency of racetrack betting markets / edited by Donald B. Hausch, Victor S.Y. Lo, William T. Ziemba

Published San Diego : Academic Press, 1994

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Location	Call no.	Vol.	Availability
WATERFT BUSINESS	338.47798401 Hau/Eor		AVAILABLE

Description xx, 648 pages ; 23 cm Series Economic theory, economietrics, and mathematical economics series Economic theory, economietrics, and mathematical economics Contents Machine derived contents note: Table of contents for Efficiency of racetrack betting markets / edited by Donald B. Hausch, Victor S.Y. Lo, William T. Ziemba. -- Bibliographic record and links to related information available from the Library of Congress catalog -- Information from electronic data provided by the publisher. May be incomplete or contain other coding. -- Introduction. -- Psychological Studies: -- D.B. Hausch, V.S.Y. Lo and W.T. Ziemba , Introduction to Psychological Studies. -- R.M. Griffith , Odds Adjustments by American Horse-Racing Bettors. -- W.H. McGlothlin , Stability of Choices among Uncertain Alternatives. -- R.M. Griffith , A Footnote on Horse Race Betting. -- M.A. Metzger , Biases in Betting: An Application of Laboratory Findings. -- Utility Preferences of Racetrack Bettors: -- D.B. Hausch, V.S.Y. Lo and W.T. Ziemba , Introduction to Utility Preferences of Racetrack Bettors. -- J.G. Kallberg and W.T. Ziemba , On the Robustness of the Arrow-Pratt Risk Aversion Measure. -- M. Weitzman , Utility Analysis and Group Behavior: An Empirical Study. -- R.N. Rosett , Gambling and Rationality. -- Economic and Mathematical Insights: -- D.B. Hausch, V.S.Y. Lo and W.T. Ziemba , Introduction to Economic and Mathematical Insights. -- R. Isaacs , Optimal Horse Race Bets. -- J.G. Kallberg and W.T. Ziemba , Concavity Properties of Racetrack Betting Models. -- N. Levin , Optimal Bets in Pari-Mutuel Systems. -- L.C. MacLean, W.T. Ziemba and G. Blazenko , Growth versus Security in Dynamic Investment Analysis. -- R.N. Bolton and R.G. Chapman , Searching for Positive Returns at the Track: A Multinominal Logit Model for Handicapping Horse Races. -- R.G. Chapman , Still Searching for Positive Returns at the Track: Empirical Results. -- W. Benter , Computer Based Horse Race Handicapping and Wagering Systems: A Report. -- L.H. Ludlow , An Empirical Cross-Validation of Alternative Classification Strategies Applied to Harness Racing Data for Win Bets. -- D.A. Harville , Assigning Probabilities to the Outcomes of Multi-Entry Competitions. -- R.J. Henery , Permutation Probabilities as Models for horse Races. -- H.S. Stern , Estimating the Probabilities of the Outcomes of a Horse Race (Alternatives to the Harville Formulas). -- V.S.Y. Lo , Application of Running Time Distribution Models in Japan. -- Efficiency of Win Markets and the Favorite-Longshot Bias: -- D.B. Hausch, V.S.Y. Lo and W.T. Ziemba , Introduction to the Efficiency of Win Markets and the Favorite-Longshot Bias -- R. Thaler and W.T. Ziemba , Anomalies - Parimutuel Betting Markets: Racetracks and Lotteries. -- W.W. Snyder , Horse Racing: Testing the Efficient Markets Model. -- R.L. Loosey and J.C. Talbott, Jr. , Back on the Track with the Efficient Markets Hypothesis. -- S. Figlewski , Subjective Information and Market Efficiency in a Betting Model. -- P. Asch, B.G. Malkiel and R.E. Quandt , Racetrack Betting and Informed Behavior. -- V.W.Y. Lo , Applications of Logit Models in Racetrack Data. -- R.E. Quandt , Betting and Equilibrium. -- S.R. Blough , Differences of Opinion at the Racetrack. -- H.S. Shin , Prices of State Contingent Claims with Insider Traders, and the Favourite-Longshot Bias. -- Prices versus Handicapping: Place and Show Anomalies: -- D.B. Hausch, V.S.Y. Lo and W.T. Ziemba , Introduction to Prices versus Handicapping: Place and Show Anomalies. -- P. Asch, B.G. Malkiel and R.E. Quandt , Market Efficiency in Racetrack Betting. -- P. Asch, B.G. Malkiel and R.E. Quandt , Market Efficiency in Racetrack Betting: Further Evidence and a Correction. -- D.B. Hausch, W.T. Ziemba and M.R. Rubenstein , Efficiency of the Market for Racetrack Betting. -- D.B. Hausch and W.T. Ziemba , Transactions Costs, Extent of Inefficiencies, Entries and Multiple Wagers in a Racetrack Betting Model. -- D.B. Hausch and W.T. Ziemba , Arbitrage Strategies for Cross-Track Betting on Major Horse Races. -- D.B. Hausch and W.T. Ziemba , Locks at the Racetrack. -- J.R. Ritter , Racetrack Betting - An example of a Market with Efficient Arbitrage. -- Efficiency of Exotic Wagering Markets: -- D.B. Hausch, V.S.Y. Lo and W.T. Ziemba , Introduction to the Efficiency of Exotic Wagering Markets. -- M.M. Ali , Some Evidence of the Efficiency of a Speculative Market. -- P. Asch and R.E. Quandt , Efficiency and Profitability in Exotic Bets. -- V.S.Y. Lo and K. Busche , How Accurately do Bettors Bet on Doubles? D.B. Hausch, V.S.Y. Lo and W.T. Ziemba , Pricing Exotic Racetrack Wagers. -- A. Kanto and G. Rosenqvist , On the Efficiency of the Market for Double (Quinella) Bets. -- B.R. Canfield, B. Fauman and W.T. Ziemba , Efficient Market Adjustment of Odds Prices to Reflect Track Biases. -- S. Betton , Post Position Bias -- An Econometric Analysis of the 1987 Season at Exhibition Park. -- Research in the Commonwealth and Asia: -- D.B. Hausch, V.S.Y. Lo and W.T. Ziemba , Introduction to the Efficiency of Racetrack Betting Markets in England. -- J. Dowie , On the Efficiency and Equity of Betting Markets. -- N.F.R. Crafts , Winning Systems? Some Further Evidence on Insiders and Outsiders in British Horse Race Betting. -- P.E. Gabriel and J.R. Marsden , An Examination of Market Efficiency in British Racetrack Betting. -- P.E. Gabriel and J.R. Marsden , An Examination of Market Efficiency in British Racetrack Betting: Errata and Corrections. -- W.T. Ziemba and D.B. Hausch , The Dr. Z Betting System in England. -- R. Bird and M. McCrae , The Efficiency of Racetrack Betting Markets: Australian Evidence. -- R.H. Tuckwell , Anomalies in the Gambling Market. -- R. Bird and M. McCrae , Tests of the Efficiency of Racetrack Betting Using Bookmaker Odds. -- K. Busche and C.D. Hall , An Exception to the Risk Preference Anomaly. -- K. Busche , Efficient Market Results in an Asian Setting. -- S.M. Leong and K.G. Lim , Cross-Track Betting: Is the Grass Greener on the Other Side? -- Annotated Additional Bibliography. -- Annotated Bibliography of Handicapping Books. -- Index. -- Library of Congress subject headings for this publication: Horse racing Betting, Horseplayers Psychology Analysis Racehorses Racing Gambling Bibliography Includes bibliographical references (pages 631-641) and index Subject Gambling. Horse racing -- Betting. Horseplayers -- Psychology. Author Hausch, Donald B. Lo, Victor S. Y. Ziemba, W. T. LC no. 94025748 ISBN 0123330300 (acid-free paper)

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