Location

Caesars Palace, Las Vegas Florentine II

Start Date

29-5-2013 8:30 AM

End Date

29-5-2013 10:00 AM

Abstract

Efficient Market Hypothesis

Markets for speculative assets always fully incorporate relevant information in prices

Herding

Participants neglect private info, adjust actionsmore representative of previous price movements

Effect

Price volatility in excess of variations in fundament d informationBubbles, crashes and bank runs

Disciplines

Economics | Gaming and Casino Operations Management | International Business | Public Affairs, Public Policy and Public Administration | Statistics and Probability

Comments

Moderator: Leighton Vaughn Williams

Session 2-1-E Betting Markets

File: 19 PowerPoint slides

 
May 29th, 8:30 AM May 29th, 10:00 AM

Session 2-1-E: Toward an understanding of price movements in betting markets: Profitable trading against the herd

Caesars Palace, Las Vegas Florentine II

Efficient Market Hypothesis

Markets for speculative assets always fully incorporate relevant information in prices

Herding

Participants neglect private info, adjust actionsmore representative of previous price movements

Effect

Price volatility in excess of variations in fundament d informationBubbles, crashes and bank runs