On the improbability of informationally efficient parimutuel betting markets in the presence of heterogeneous beliefs
Year of publication: |
2005
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Authors: | Hurley, William J. ; McDonough, Lawrence C. |
Published in: |
Information efficiency in financial and betting markets. - Cambridge [u.a.] : Cambridge Univ. Press, ISBN 0-521-81603-3. - 2005, p. 247-261
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Subject: | Theorie | Theory | Glücksspiel | Gambling | Informationseffizienz | Informational efficiency | Effizienzmarkthypothese | Efficient market hypothesis | Asymmetrische Information | Asymmetric information | Rationale Erwartung | Rational expectations |
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