The favorite-longshot bias and the impact of experience
نویسندگان
چکیده
منابع مشابه
The favorite-longshot bias and the impact of experience
With a unique data set from New Zealand which allows us to assign each bet to individual bettors, we analyze the impact of experience on behavior and success in non-parimutuel (fixed odds) sports betting markets. We find that experienced bettors bet more on favorites than inexperienced bettors do. Average returns, which we use as success measure, increase with experience even after controlling ...
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ژورنال
عنوان ژورنال: Business Research
سال: 2014
ISSN: 2198-3402,2198-2627
DOI: 10.1007/s40685-014-0013-9