Information Efficiency in Financial and Betting Markets

ISBN-13:	9780521816038
Publisher:	Cambridge University Press
Publication date:	09/29/2005
Pages:	412
Product dimensions:	6.34(w) x 9.25(h) x 1.14(d)

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).