Buy custom Adjusting For Risk In The Test Of Gambling Market Efficiency
Essay's paper info
| Topic: |
Social Issues
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| Number of pages / Number of words: |
15 / 4133 |
Essay's paper body
Examining well known "market inefficienciesa?? from US football and horseracing
indicate that they would be better termed biases rather than inefficiencies.
The next section presents a brief review of gambling market basics. The third
section reviews the literature and develops the new method of testing...
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The subsequent
section presents some ad hoc levels of efficiency demonstrating the importance of the
method followed by an examination of the well-known home-underdog NFL bias. A
short conclusion follows.
III. Sports gambling markets
Most people assume that the long run outcome of point spread or horserace
betting is no different from that of other casino games...
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Adjusting For Risk In The Test Of Gambling Market Efficiency
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