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Is there an optimistic bias on betting markets?

Page, Lionel (2009) Is there an optimistic bias on betting markets? Economics Letters, 102 (2). pp. 70-72. ISSN 0165-1765

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Official URL: http://dx.doi.org/10.1016/j.econlet.2008.10.006

Abstract

Bettors are subject to an optimistic bias when betting on the team they support. This paper shows that this individual bias does not affect betting odds on British teams in association football (soccer), as it is often argued.

Item Type:Article
Research Community:University of Westminster > Westminster Business School
ID Code:6000
Deposited On:18 Feb 2009 11:38
Last Modified:18 Feb 2009 11:38

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