References
- Ali , M. 1977 . Probability and utility estimates for racetrack bettors . Journal of Political Economy , 85 : 805 – 815 .
- Asch , P. , Malkiel , B. and Quandt , R. 1982 . Racetrack betting and informed behaviour . Journal of Financial Economics , 10 : 187 – 194 .
- Asch , P. , Malkiel , B. and Quandt , R. 1984 . Market efficiency in racetrack betting . Journal of Business , 57
- Asch , P. and Quandt , R. 1987 . Efficiency and profitability in exotic bets . Economica , 54 : 289 – 298 .
- Asch , P. and Quandt , R. E. 1990 . Risk love . Journal of Economic Education , 21 : 422 – 426 .
- Busche , K. 1994 . “ Efficient market results in an Asian setting ” . In Efficiency of Racetrack Betting Markets , Edited by: Hausch , D. , Lo , V. and Ziemba , W. T. 615 – 616 . New York : Academic Press .
- Busche , K. and Hall , C. D. 1988 . An exception to the risk preference anomaly . Journal of Business , 61 : 337 – 346 .
- Busche , K. and Walls , W. D. 2000 . Decision costs and betting market efficiency . Rationality and Society , 12 : 477 – 492 .
- Busche , K. and Walls , W. D. 2001 . Breakage and betting market efficiency: evidence from the horse track . Applied Economics Letters , 8 : 601 – 604 .
- Fabricand , B. P. 1977 . The Science of Winning , New York : Van Nostrand Reinhold .
- Hausch , D. , Ziemba , W. and Rubinstein , M. 1981 . Efficiency in the market for race track betting . Management Science , 27 : 1435 – 1452 .
- Jausch , D. B. , Lo , V. S. Y. and Ziemba , W. T. , eds. 1994 . Efficiency in Racetrack Betting Markets , New York : Academic Press .
- Hogarth , R. and Reder , M. , eds. 1987 . Rational choice: The contrast between economics and psychology , University of Chicago Press .
- Hogg , R. V. and Craig , A. T. 1978 . Introduction to Mathematical Statistics , 4th edn. , New York : Macmillan .
- Rosett , R. N. 1965 . Gambling and rationality . Journal of Political Economy , 73 : 595 – 607 .
- Sauer , R. 1998 . The economics of wagering markets . Journal of Economic Literature , 36 : 2021 – 2085 .
- Thaler , R. and Ziemba , W. T. 1988 . Parimutuel betting markets: racetracks and lotteries . Journal of Economic Perspectives , 2 : 161 – 174 .
- Vaughan Williams , L. and Paton , D. 1998 . Why are some favourite-longshot biases positive and some negative? . Applied Economics , 30 : 1505 – 1510 .
- Viscusi , W. K. 1993 . The value of risks to life and health . Journal of Economic Literature , 31 : 1912 – 1946 .