References
- Cain , M. , Law , D. and Peel , D. 1997 . Is one price enough to value a state-contingent asset correctly? Evidence from The British Greyhound Gambling Market . Salford Papers in Gambling Studies , : 97 – 02 .
- Dixon , M.J. and Coles , S.G. 1997 . Modelling association football scores and inefficiencies in the football betting market . Applied Statistics , 46 ( 2 ) : 265 – 80 .
- Goldstein , R. 1992 . Cook-Weisberg test of heteroscedasticity' . Stata Technical Bulletin , 10 : 27 – 8 .
- Griffith , R.M. 1949 . Odds adjustments by American horse-race bettors . American Journal of Psychology , 62 : 290 – 94 .
- Hamid , S.S. , Prakash , A.J. and Smyser , M.W. 1996 . Marginal risk aversion and preferences in a betting market . Applied Economics , 28 : 371 – 76 .
- Hurley , W. and McDonough , L. 1995 . A note on the Hayek Hypothesis and the favorite-longshot bias in parimutuel betting . American Economic Review , 85 : 949 – 55 .
- Jackson , D.A. 1994 . Focus on sport: index betting on sports' . The Statistician , 43 ( 2 ) : 309 – 15 .
- Pagan , A. and Vella , F. 1989 . Diagnostic tests for models based on individual data: a survey . Journal of Applied Econometrics , 4 ( Supplement ) : S29 – S59 .
- Terrell , D. and Farmer , A. 1996 . Optimal betting and efficiency in parimutuel betting markets with information costs . Economic Journal , 106 : 846 – 68 .
- Vaughan Williams , L. and Paton , D. 1997a . Why is there a favourite-longshot bias in British racetrack betting markets? . Economic Journal , 107 : 150 – 58 .
- Vaughan Williams , L. and Paton , D. 1997b . “ Why are some favourite-longshot biases positive and some negative?' ” . In Occasional Papers in Economics 97/5, Centre for Research in Regulation, Organization and Law, Nottingham Trent University