ALISTAIR C BRUCE

Biographic Data

ID5737648
NAMEALISTAIR C BRUCE
GIVEN NAMESALISTAIR C
FAMILY NAMEBRUCE
SIGNATUREBRUCE A C
AFFILIATIONSUniversity of Nottingham
VERIFIEDNo
TOTAL WORKS6
TOTAL CITATIONS3
AUTHOR COUNT6
EDITOR COUNT0
FIRST PUBLICATION YEAR1993
LATEST PUBLICATION YEAR2009
H-INDEX1

  • An Examination of the Determinants of Biased Behaviour in a Market for State Contingent Claims

    Open AccessAlistair Bruce, ALISTAIR C BRUCE et al.ARTICLEEconomica2009Cited by: 1References: 38

    We develop a model to explain the differential incidence of the favourite–longshot bias in parallel sectors of the pari‐mutuel horserace betting market. Hypotheses are derived from the model and these are tested, using UK data, to explore the origins of the bias. Significant variations in the bias are discovered between market sectors on‐ and off‐racetrack. These results shed light on competing demand‐side explanations for the favourite–longshot …

  • Investigating the roots of the favourite-longshot bias

    Open AccessAlistair Bruce, ALISTAIR C BRUCE et al.ARTICLEJournal of Behavioral Decision…2000References: 7

    This paper offers new insights into the behavioural origins of the ‘favourite–longshot’ bias — an established feature of betting markets, whereby longshots win less often than the subjective probabilities imply and favourites more often. A number of alternative explanations has been offered for this phenomenon but the main debate focuses on whether it is caused by the behaviour of those supplying betting markets (bookmakers) or of the demand-side…

  • Investigating the roots of the favourite–longshot bias

    Open AccessAlistair Bruce, ALISTAIR C BRUCE et al.ARTICLEJournal of Behavioral Decision…2000

    This paper offers new insights into the behavioural origins of the 'favourite–longshot' bias — an established feature of betting markets, whereby longshots win less often than the subjective probabilities imply and favourites more often. A number of alternative explanations has been offered for this phenomenon but the main debate focuses on whether it is caused by the behaviour of those supplying betting markets (bookmakers) or of the demand-side…

  • An Empirical Study of the Impact of Complexity on Participation in Horserace Betting

    Open AccessJohnnie E V Johnson, Alistair Bruce et al.ARTICLEJournal of Gambling Studies1997

  • Gender-based differences in leisure behaviour

    Alistair Bruce, ALISTAIR C BRUCE et al.ARTICLELeisure Studies1996Cited by: 2References: 17

    Previous literature has highlighted the need to consider explicitly gender differences in leisure behaviour. This paper directly addresses this issue by exploring differences in performance, risk propensity and confidence between males and females in off-course horserace betting — a leisure activity which accounted for a turnover of £5116 million in the UK in 1993/4. The justification for this setting resides in the ecological advantages it enjoy…

  • Gluck's Second Law

    Open AccessJohnnie E V Johnson, Alistair Bruce et al.ARTICLEPsychological Reports1993

    The central premise of ‘Gluck's Second Law,’ which states that ‘The Best Time to Bet the Favourite is in the Last Race,’ is tested. Analysis of a random sample of 1212 bets placed in offcourse betting offices throughout the UK shows that bettors on later races back horses with shorter odds; commit, to some extent, higher stakes and perform at least as well as bettors on early races. The premise underlying ‘Gluck's Second Law’ that bettors back lo…