Information efficiency in financial and betting markets / 
 Information Efficiency in Financial & Betting Markets 
edited by Leighton Vaughan Williams. 
 - Cambridge :  Cambridge University Press,  2005. 
 - 1 online resource (xvii, 392 pages) :  digital, PDF file(s). 
<br/><br/> Title from publisher's bibliographic system (viewed on 05 Oct 2015). 
<br/><br/> Information efficiency in financial markets /  Weak form information efficiency in betting markets /  Semi-strong and strong form information efficiency in betting markets /  An assessment of quasi-arbitrage opportunities in two fixed-odds horse-race betting markets /  The presence of favourites and biases in bookmakers' odds /  Searching for semi-strong form inefficiency in the UK racetrack betting market /  Leighton Vaughan Williams --  Leighton Vaughan Williams --  Leighton Vaughan Williams --  Michael A. Smith, David Paton and Leighton Vaughan Williams --  William Collier and John Peirson --  Ming-Chien Sung, Johnnie E.V. Johnson and Alistair C. Bruce.  1.  2.  3.  4.  5.  6. 
<br/><br/> The degree to which markets incorporate information is one of the most important questions facing economists today. This book provides a fascinating study of the existence and extent of information efficiency in financial markets, with a special focus on betting markets. Betting markets are selected for study because they incorporate features highly appropriate to a study of information efficiency, in particular the fact that each bet has a well-defined end point at which its value becomes certain. Using international examples, this book reviews and analyses the issue of information efficiency in both financial and betting markets. Part I is an extensive survey of the existing literature, while Part II presents a range of readings by leading academics. Insights gained from the book will interest students of financial economics, financial market analysts, mathematicians and statisticians, and all those with a special interest in finance or gambling. 
<br/><br/><label>ISBN: </label>9780511493614 (ebook) 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Capital market--Mathematical models.<br/>Gambling--Mathematical models.<br/>Efficient market theory--Mathematical models.<br/>Information theory in economics.
<br/><br/><label>LC Class. No.: </label>HG4523  / .V35 2005 
<br/><br/><label>Dewey Class. No.: </label>332/.01/154