Read more
Informationen zum Autor Kenneth Arrow is the Joan Kenney Professor of Economics and Professor of Operations Research, emeritus; a CHP/PCOR fellow; and an FSI senior fellow by courtesy. He is the joint winner of the Nobel Memorial Prize in Economics with John Hicks in 1972. To date, he is the youngest person to have received this award, at 51. In economics, he is a figure in post-World War II neo-classical economic theory. Many of his former graduate students have gone on to win the Nobel Memorial Prize themselves. His most significant works are his contributions to social choice theory, notably "Arrow's impossibility theorem", and his work on general equilibrium analysis. He has also provided foundational work in many other areas of economics, including endogenous growth theory and the economics of information. He has been co-editor of the Handbooks in Economics series since the mid-1980s. Klappentext Its basic empirical research and investigation of pure theories of investment in the sports and lotto markets make this volume a winner. With new overviews of scholarship on the industry side of racetrack and other betting markets to betting exchanges and market efficiencies! contributors consider a variety of sports in countries around the world. The result is not only superior information about market forecasting! but macro- and micro-analyses that are relevant to other markets as well. * Major focus on the variety of market efficiencies * Significant coverage of sports from racing to jai alai.* New studies of betting exchanges and internet wagering markets Zusammenfassung Offers empirical research and investigation of pure theories of investment in the sports and lotto markets. With overviews of scholarship on the industry side of racetrack and other betting markets to betting exchanges and market efficiencies! this work considers a variety of sports in countries around the world. Inhaltsverzeichnis Industry Studies Utility and Probability Estimation Favorite-Longshot Bias in the Win Market Weak Market Efficiency Semi-Strong Form Efficiency Prediction Markets Soccer Lotteries...
