What drives intermediation costs? A case of tennis betting market
Š Lyócsa, I Fedorko - Applied Economics, 2016 - Taylor & Francis
We demonstrate that there is a considerable variation in bookmaker margins across
matches, time and bookmakers. Our results imply that using match, tournament and players' …
matches, time and bookmakers. Our results imply that using match, tournament and players' …
Probabilistic forecasting with discrete choice models: Evaluating predictions with pseudo-coefficients of determination
MC Sung, DCJ McDonald, JEV Johnson - European Journal of Operational …, 2016 - Elsevier
Probabilistic forecasts from discrete choice models, which are widely used in marketing
science and competitive event forecasting, are often best evaluated out-of-sample using …
science and competitive event forecasting, are often best evaluated out-of-sample using …
Fixed odds bookmaking with stochastic betting demands
This paper studies fixed odds bookmaking in the market for bets in a British horse race. The
bookmaker faces the risk of unbalanced liability exposures. Even random shocks in the …
bookmaker faces the risk of unbalanced liability exposures. Even random shocks in the …
Biased decision making in a naturalistic environment: implications for forecasts of competitive events
D McDonald - 2012 - eprints.soton.ac.uk
This thesis, which is divided into five papers, explores biased decision making in naturalistic
environments and its implications for the efficiency of financial markets and forecasts of …
environments and its implications for the efficiency of financial markets and forecasts of …
[PDF][PDF] Essays on behavior and extreme events
M Lamers - 2014 - research.rug.nl
Many standard economic models that are used to study the behavior of (groups of)
economics agents assume that these agents have rational expectations. For instance, the …
economics agents assume that these agents have rational expectations. For instance, the …