On sticky bookmaking as a learning device in horse-racing betting markets

DOI10.1016/J.JEDC.2022.104525MaRDI QIDQ2102874zbMATH OpenOpenAlexFDO

Authors Chi Zhang, Jacco J. J. Thijssen

Publication date 12 December 2022

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2022.104525

zbMATH Keywords

betting marketsdynamic pricinghorse racingoptimal stopping timesequential hypothesis testing

Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Recommendations

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Cites work

• Continuous Auctions and Insider Trading
• Costly sequential experimentation and project valuation with an application to health technology assessment
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• scientific article; zbMATH DE number 5320532 (Why is no real title available?)
• scientific article; zbMATH DE number 3607222 (Why is no real title available?)
• On the Best 2-CUSUM Stopping Rule for Quickest Detection of Two-Sided Alternatives in a Brownian Motion Model
• Optimal Horse Race Bets
• Stochastic differential equations. An introduction with applications.

Cited in

(5)

• Optimal bookmaking
• A mathematical analysis of an exchange-traded horse race betting fund with deterministic payoff betting strategy for institutional investment to challenge EMH
• Learning and Efficiency in a Gambling Market
• Dynamic learning and market making in spread betting markets with informed bettors
• The favourite-longshot bias in parimutuel betting: A clarification of the explanation that bettors like to bet longshots

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