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Letters: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Information Efficiency in Financial and Betting Markets
Information Efficiency in Financial and Betting Markets
Date: 14 April 2011, 12:20

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Gambling markets offer economists a fascinating case study of how information efficiency operates in a market. Insights gained from gambling interest a wide community: governments, who like to tax gamblers; financial market analysts, who themselves gamble on the financial markets; and, lastly, mathematicians, who bring their particular skills to the great mathematical puzzle of gambling. All these will want to read this survey of the theory and practice of gambling, written by two experts from the US and Britain and using examples from an international range of sports betting markets.

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