Information Efficiency in Financial and Betting Markets by Leighton Vaughan Williams
Tax included.
ISBN: 9780521816038
Publisher : Cambridge University Press - 14 November 2005
Hardcover, 421 Pages
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).