Submission Title
Presentation Type
Event
Location
Caesars Palace, Las Vegas Florentine II
Start Date
29-5-2013 8:30 AM
End Date
29-5-2013 10:00 AM
Disciplines
Economics | Gaming and Casino Operations Management | International Business | Public Affairs, Public Policy and Public Administration | Statistics and Probability
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
Included in
Economics Commons, Gaming and Casino Operations Management Commons, International Business Commons, Public Affairs, Public Policy and Public Administration Commons, Statistics and Probability Commons
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
Comments
Moderator: Leighton Vaughn Williams
Session 2-1-E Betting Markets
File: 19 PowerPoint slides