Information Efficiency in Financial and Betting Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Information Efficiency in Financial and Betting Markets write by Leighton Vaughan Williams. This book was released on 2005-09-29. Information Efficiency in Financial and Betting Markets available in PDF, EPUB and Kindle. 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.
Efficiency of Racetrack Betting Markets
Efficiency of Racetrack Betting Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Efficiency of Racetrack Betting Markets write by Donald B. Hausch. This book was released on 2008. Efficiency of Racetrack Betting Markets available in PDF, EPUB and Kindle. 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.
Handbook of Sports and Lottery Markets
Handbook of Sports and Lottery Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Handbook of Sports and Lottery Markets write by Donald B. Hausch. This book was released on 2011-08-11. Handbook of Sports and Lottery Markets available in PDF, EPUB and Kindle. Its basic empirical research and investigation of pure theories of investment in the sports and lottery markets make this volume a winner. These markets are simpler to study than traditional financial markets, and their expected values and outcomes are uncomplicated. By means of new overviews of scholarship on the industry side of racetrack and other betting markets to betting exchanges and market efficiencies, contributors consider a variety of sports in countries around the world. The result is not only superior information about market forecasting, but macro- and micro-analyses that are relevant to other markets. - Easily studied sports markets reveal features relevant for more complex traditional financial markets - Significant coverage of sports from racing to jai alai - New studies of betting exchanges and Internet wagering markets
Prediction Markets
Prediction Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Prediction Markets write by Leighton Vaughan Williams. This book was released on 2011-06-16. Prediction Markets available in PDF, EPUB and Kindle. How does one effectively aggregate disparate pieces of information that are spread among many different individuals? In other words, how does one best access the ‘wisdom of the crowd’? Prediction markets, which are essentially speculative markets created for the purpose of aggregating information and making predictions, offer the answer to this question. The effective use of these markets has the potential not only to help forecast future events on a national and international level, but also to assist companies, for example, in providing improved estimates of the potential market size for a new product idea or the launch date of new products and services. The markets have already been used to forecast uncertain outcomes ranging from influenza to the spread of infectious diseases, to the demand for hospital services, to the box office success of movies, climate change, vote shares and election outcomes, to the probability of meeting project deadlines. The insights gained also have many potentially valuable applications for public policy more generally. These markets offer substantial promise as a tool of information aggregation as well as forecasting, whether alone or as a supplement to other mechanisms like opinion surveys, group deliberations, panels of experts and focus groups. Moreover, they can be applied at a macroeconomic and microeconomic level to yield information that is valuable for government and commercial policy-makers and which can be used for a number of social purposes. This volume of original readings, contributed by many of the leading experts in the field, marks a significant addition to the base of knowledge about this fascinating subject area. The book should be of interest to anyone looking at monetary economics, economic forecasting and microeconomics.
Forecasting Expected Returns in the Financial Markets
Forecasting Expected Returns in the Financial Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Forecasting Expected Returns in the Financial Markets write by Stephen Satchell. This book was released on 2011-04-08. Forecasting Expected Returns in the Financial Markets available in PDF, EPUB and Kindle. Forecasting returns is as important as forecasting volatility in multiple areas of finance. This topic, essential to practitioners, is also studied by academics. In this new book, Dr Stephen Satchell brings together a collection of leading thinkers and practitioners from around the world who address this complex problem using the latest quantitative techniques.*Forecasting expected returns is an essential aspect of finance and highly technical *The first collection of papers to present new and developing techniques *International authors present both academic and practitioner perspectives
