Martien Lamers
Biographic Data
| ID | 10799771 |
|---|---|
| NAME | Martien Lamers |
| GIVEN NAMES | Martien |
| FAMILY NAME | Lamers |
| SIGNATURE | LAMERS M |
| AFFILIATIONS | Ghent University |
| ORCID | 0000-0003-0034-7445 |
| VERIFIED | No |
| TOTAL WORKS | 1 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 1 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2013 |
| LATEST PUBLICATION YEAR | 2013 |
| H-INDEX | 0 |
Pricing Decisions and Insider Trading in Fixed-Odds Horse Betting Markets
This chapter conceptualizes fixed-odds horse betting markets as implicit call option markets. The decision-making process of a bookmaker is a model that sets prices under uncertainty, showing that when a bookmaker follows this pricing process built on implicit options the returns will exhibit a favorite-longshot bias. By performing Monte Carlo simulations, option values are generated and a measurement made of the degree of insider trading.
No prominent works on this page.
Pricing Decisions and Insider Trading in Fixed-Odds Horse Betting Markets
This chapter conceptualizes fixed-odds horse betting markets as implicit call option markets. The decision-making process of a bookmaker is a model that sets prices under uncertainty, showing that when a bookmaker follows this pricing process built on implicit options the returns will exhibit a favorite-longshot bias. By performing Monte Carlo simulations, option values are generated and a measurement made of the degree of insider trading.
Actuarial science (1 work) · Econometrics (1 work) · Economics (1 work) · Finance (1 work) · Financial economics (1 work) · Insider (1 work) · Insider trading (1 work) · Logistic regression (1 work) · Mathematics (1 work) · Odds (1 work)