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An Exception to the Risk Preference Anomaly
The theory of risk bearing implies risk aversion. In every published study of horse race betting known to the authors, however, investigators reject this implication in favor of "ri sk-loving"Expand
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DECISION COSTS AND BETTING MARKET EFFICIENCY
In this research we examine empirically the linkage between decision costs and market efficiency in the context of racetrack betting markets. We analyze more than 10,000 horse races and demonstrateExpand
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Efficient Market Results in an Asian Setting
AbstractResearchers concerned with efficiency of racetrack betting seem agreed on the existence of market inefficiency or risk preference among gamblers. However, Busche and Hall (1988) found anExpand
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Broken odds and the favourite-longshot bias in parimutuel betting: a direct test
This research examines empirically the effect using broken odds - the rounded off odds reported by horse track operators - on statistical tests of market efficiency in parimutuel gambling. It findsExpand
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Pathogenetic mechanisms in the Mycoplasma arthritidis polyarthritis of rats
SummaryMycoplasma arthritidis is the causative agent of severe polyarthritis in rats and mice, which resembles human rheumatoid arthritis (RA). Several mechanisms are involved in this disease. M.Expand
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Logistic analyses for complicated bets
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T cell lines responding to Mycoplasma arthritidis and chondrocytes in the Mycoplasma arthritidis infection of rats.
CD 4+ T cell lines responding specifically to Mycoplasma (M.) arthritidis were established from spleen and lymph nodes of a Lewis rat infected with M. arthritidis. The T cell response to M.Expand
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The application of ranking probability models to racetrack betting
Hausch et al. HZR Hausch, D. B., W. T. Ziemba, M. Rubinstein. 1981. Efficiency of the market for racetrack betting. Management Sci.27 1435-1452. developed a betting system that demonstrated positiveExpand
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