Information Efficiency in Financial and Betting Markets by Leighton Vaughan Williams

Information Efficiency in Financial and Betting Markets



Download Information Efficiency in Financial and Betting Markets




Information Efficiency in Financial and Betting Markets Leighton Vaughan Williams
Language: English
Page: 412
Format: pdf
ISBN: 0521816033, 9780521816038
Publisher: CUP

This survey of the theory and practice of gambling uses examples from an international range of sports betting markets. Gambling markets offer economists a fascinating case study of how information efficiency operates in a market. Insights gained from gambling interest many: governments (who tax gamblers), financial market analysts (who gamble on the financial markets), and, lastly, mathematicians (who analyze the puzzle of gambling).

Book Description

Gambling markets offer economists a fascinating case study of how information efficiency operates in a market. Insights gained from gambling interest a wide community: governments, who like to tax gamblers; financial market analysts, who themselves gamble on the financial markets; and, lastly, mathematicians, who bring their particular skills to the great mathematical puzzle of gambling. All these will want to read this survey of the theory and practice of gambling, written by two experts from the US and Britain and using examples from an international range of sports betting markets.

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