Format:
1 Online-Ressource (xvii, 392 pages)
,
digital, PDF file(s)
ISBN:
9780511493614
Content:
The degree to which markets incorporate information is one of the most important questions facing economists today. This book provides a fascinating study of the existence and extent of information efficiency in financial markets, with a special focus on betting markets. Betting markets are selected for study because they incorporate features highly appropriate to a study of information efficiency, in particular the fact that each bet has a well-defined end point at which its value becomes certain. Using international examples, this book reviews and analyses the issue of information efficiency in both financial and betting markets. Part I is an extensive survey of the existing literature, while Part II presents a range of readings by leading academics. Insights gained from the book will interest students of financial economics, financial market analysts, mathematicians and statisticians, and all those with a special interest in finance or gambling
Note:
Title from publisher's bibliographic system (viewed on 05 Oct 2015)
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1. Information efficiency in financial markets
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2. Weak form information efficiency in betting markets
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3. Semi-strong and strong form information efficiency in betting markets
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4. An assessment of quasi-arbitrage opportunities in two fixed-odds horse-race betting markets
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5. The presence of favourites and biases in bookmakers' odds
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6. Searching for semi-strong form inefficiency in the UK racetrack betting market
Additional Edition:
ISBN 9780521816038
Additional Edition:
ISBN 9780521108171
Additional Edition:
Print version ISBN 9780521816038
Language:
English
Subjects:
Economics
DOI:
10.1017/CBO9780511493614
URL:
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