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We consider the impact of breaking news on market prices by looking at activity on the micro-blogging platform Twitter surrounding the #bigotgate scandal during the 2010 UK General Election, and subsequent movements of betting prices on a prominent betting exchange, Betfair. We find that the...
Persistent link: https://www.econbiz.de/10011086464
The more information is available, and the more predictable are events, the better forecasts ought to be. In this paper forecasts by bookmakers, prediction markets and tipsters are evaluated for a range of events with varying degrees of predictability and information availability. All three...
Persistent link: https://www.econbiz.de/10011086466
Corruption is hidden action which distorts allocations of resources away from competitive outcomes. Hence the detection of such actions is both dicult yet important. In many economic contexts, agent actions are unobservable by principals and hence detection is dicult; sport offers a...
Persistent link: https://www.econbiz.de/10011086467
In this comprehensive Handbook, John Goddard and Peter Sloane present a collection of analytical contributions by internationally regarded scholars in the field, which extensively examine the many economic challenges facing the world's most popular team sport.
Persistent link: https://www.econbiz.de/10011182817
The more information is available, and the more predictable are events, the better forecasts ought to be. In this paper forecasts by bookmakers, prediction markets and tipsters are evaluated for a range of events with varying degrees of predictability and information availability. All three...
Persistent link: https://www.econbiz.de/10010798261