The Growth of Gambling and Prediction Markets

Economic and Financial Implications

Bibliographic Data

ID9727076
AuthorsDouglas Paton (0000-0002-7486-9353, University of Nottingham), David Paton (0000-0003-1585-3076), Donald S Siegel (0000-0002-7668-9751, University at Albany, State University of New York), Leighton Vaughan Williams (0000-0002-9639-9217)
Year2009
Volume76
Issue302
Pages219-224
Publication date2009-04-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEconomica (JOURNAL)
Journal identifiersISSN: 0013-0427 • E-ISSN: 1468-0335
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1468-0335.2008.00753.x
OpenAlexW1965647302
LanguageEN
Citations received2
References cited16

In recent years, there has been a substantial global increase in gambling and prediction markets, including casinos, sports betting, lotteries, elections and wagering on financial instruments. This trend has heightened interest in numerous economic and financial issues related to this sector. These include questions relating to the efficiency of these markets, heterogeneity in risk attitudes among economic agents, and the use of prediction markets in policy analysis. The papers in this special issue provide a mix of theoretical and empirical evidence on these issues

Economics · Empirical evidence · Financial economics · Financial market · Public economics · Finance · Financial Markets and Investment Strategies · Gambling Behavior and Treatments · Sports Analytics and Performance