Inside Information in a Betting Market
Bibliographic Data
| ID | 9716847 |
|---|---|
| Authors | Adi Schnytzer (Bar-Ilan University), Yuval Shilony (Bar-Ilan University) |
| Year | 1995 |
| Volume | 105 |
| Issue | 431 |
| Pages | 963 |
| Publication date | 1995-07-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.2307/2235162 |
| OpenAlex | W2083724078 |
| Language | EN |
| Citations received | 5 |
| References cited | 5 |
Inside information concerning a risky asset is presumed to be beneficial to its holder. Measurement of the impact and benefit of inside information is difficult because its use for financial gain is often illegal. Ideally one would like to investigate and compare two mutually isolated groups, one with and the other without access to inside information. The Australian horse betting market offers such an opportunity. It is found that even exposure to `second hand' inside information effects a change in behaviour, a rise in payoffs and adds power and significance to the prediction of race results
Actuarial science · Asset (computer security · Business · Computer security · Economics · Financial economics · Financial market · Market power · Microeconomics · Race (biology · Sociology · Computer Science · Economic and Environmental Valuation · Finance · Sports Analytics and Performance · Wine Industry and Tourism
The Relationship between Two Indicators of Insider Trading in British Racetrack Betting
Information aggregation and belief elicitation in experimental parimutuel betting markets
To what extent do investors in a financial market anchor their judgments excessively? Evidence from the Hong Kong horserace betting market
Market Efficiency in Person‐to‐Person Betting
Revealing Weak‐Form Inefficiency in a Market for State Contingent Claims
Subjective Information and Market Efficiency in a Betting Market
An Examination of Market Efficiency in British Racetrack Betting
Some Evidence of Insider Knowledge in Horse Race Betting in Britain
Prices of State Contingent Claims with Insider Traders, and the Favourite-Longshot Bias
Measuring the Incidence of Insider Trading in a Market for State-Contingent Claims
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,2 |
| Citation span | 2001 - 2012 (12) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 4 |