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Information Efficiency in Financial and Betting Markets

ISBN: 9780521816038
Publisher: Cambridge University Press
Publication Date: 2005-11-14
Number of pages: 412
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  • Regular price $71.04

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Description


This survey of the theory and practice of gambling uses examples from an international range of sports betting markets. Gambling markets offer economists a fascinating case study of how information efficiency operates in a market. Insights gained from gambling interest many: governments (who tax gamblers), financial market analysts (who gamble on the financial markets), and, lastly, mathematicians (who analyze the puzzle of gambling).

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