The typical gambler loses money but continues to gamble nonetheless. Why? Research
from orthodox and behavioral economics, psychology, sociology, and medicine has offered …

Bolesław Prus w jednej ze swoich Kronik nakreślił następujący obraz XIX-wiecznej
Warszawy:„Warszawa należy do najbardziej muzykalnych miast na świecie. Tu wszyscy …

We establish relationships that have proved difficult to capture in financial markets, between
informed trading, efficiency and volatility. We examine the efficiency and volatility of market …

Previous literature has established the need to separate insider from expert trading in both
financial and betting markets. This type of separation proves difficult to achieve because …

We demonstrate that there is a considerable variation in bookmaker margins across
matches, time and bookmakers. Our results imply that using match, tournament and players' …

Using bookmaker odds data derived from ten seasons of Flat Racing in the UK, we confirm
the existence of a favourite-longshot bias; ie, the expected return to level stake bets placed …

We consider a policy reform that would relax price controls in American pari-mutuel
wagering on horse racing by examining bookie behavior in Australia's fixed-odds gambling …

Gambling on sporting events has attracted much academic attention over the last 30 years–
for reviews, see Thaler and Ziemba (1988), Sauer (1998), Vaughan Williams (1999) …

This thesis, which is divided into five papers, explores biased decision making in naturalistic
environments and its implications for the efficiency of financial markets and forecasts of …

Die Effizienz des europäischen ATP-Grand-Slam Tenniswettmarktes Page 1 Die Effizienz des
europäischen ATP-Grand-Slam Tenniswettmarktes DIPLOMARBEIT zur Erlangung des …