Women are under-represented in many top jobs. We investigate whether biased beliefs about female ability – a form of ‘mistake-based discrimination’ – are partially responsible for this under-representation. We use more than 10 years of data on the performance of female jockeys in U.K....

An open question in market microstructure is whether ‘informed’ traders have an advantage due to access to private, inside, information; or due to a superior ability to process public information. In this article we attempt to answer this question with data from a sports betting exchange...

In this note, I derive a probability measure for betting prices on an exchange reaching a target level prior to the market closing. This allows a bettor to take a long (short) position on a bet, and calculate the probability that the short (long) price will yield a profit before the market...