Using data from the 2007, 2008, and 2009 NASCAR seasons, this paper shows that the uncertainty of outcome hypothesis pertains to both race attendance and television audience, with the former only responding to race-level uncertainty and the latter responding to both race-level and season-level...

It is shown that the volume of trade can be decomposed into proportional proxies for stochastic flows of good news and bad news into the market. Positive (good) information flows are assumed to increase the price of a financial vehicle while negative (bad) information flows decrease the price....

This online appendix accompanies the paper “The Conversion of Money Lines into Win Probabilities: Reconciliations and Simplifications” by the same authors.Full paper available at: 'https://ssrn.com/abstract=2658335' https://ssrn.com/abstract=2658335

This paper extends and corrects previous methodology used to investigate the potential for point shaving in NCAA men's college basketball. We incorporate information from additional betting markets, including second-half betting markets, which allows us to dramatically reduce the unexpected...

This paper demonstrates that both consumer utility and event organizer profits increase when tournaments played at neutral sites sell tickets via options, which are exercisable only if the desired team reaches a given round of the tournament, and advanced selling; rather than just utilizing an...