Vasiliki Makropoulou
Biographic Data
| ID | 5935139 |
|---|---|
| NAME | Vasiliki Makropoulou |
| GIVEN NAMES | Vasiliki |
| FAMILY NAME | Makropoulou |
| SIGNATURE | MAKROPOULOU V |
| AFFILIATIONS | Athens University of Economics and Business |
| VERIFIED | No |
| TOTAL WORKS | 2 |
| TOTAL CITATIONS | 1 |
| WORKS AS AUTHOR | 2 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2011 |
| LATEST PUBLICATION YEAR | 2013 |
| H-INDEX | 1 |
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.
Optimal Price Setting in Fixed‐odds Betting Markets Under Information Uncertainty
This paper develops a model of optimal pricing under information uncertainty for fixed‐odds betting markets. The model suggests that bookmakers require a premium for quoting the odds several days before an event. This premium reflects the uncertainty of public information that can be exploited by expert bettors. The model predicts that when bookmakers set optimal prices, expected returns to bettors increase as a monotonic function of winning prob…
Optimal Price Setting in Fixed‐odds Betting Markets Under Information Uncertainty
This paper develops a model of optimal pricing under information uncertainty for fixed‐odds betting markets. The model suggests that bookmakers require a premium for quoting the odds several days before an event. This premium reflects the uncertainty of public information that can be exploited by expert bettors. The model predicts that when bookmakers set optimal prices, expected returns to bettors increase as a monotonic function of winning prob…
Optimal Price Setting in Fixed‐odds Betting Markets Under Information Uncertainty
This paper develops a model of optimal pricing under information uncertainty for fixed‐odds betting markets. The model suggests that bookmakers require a premium for quoting the odds several days before an event. This premium reflects the uncertainty of public information that can be exploited by expert bettors. The model predicts that when bookmakers set optimal prices, expected returns to bettors increase as a monotonic function of winning prob…
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.
Econometrics (2 works) · Economics (2 works) · Financial economics (2 works) · Mathematics (2 works) · Odds (2 works) · Sports Analytics and Performance (2 works) · Statistics (2 works) · Actuarial science (1 work) · Complete information (1 work) · Consumer Market Behavior and Pricing (1 work)