Article ID Journal Published Year Pages File Type
10437698 Journal of Economic Behavior & Organization 2012 14 Pages PDF
Abstract
► The elicitation of beliefs in parimutuel betting markets reduces the favorite longshot-bias. ► The elicitation of beliefs in parimutuel betting markets improves the market's capacity to aggregate information. ► Making bets improves the accuracy of elicited beliefs.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Information aggregation and belief elicitation in experimental parimutuel betting markets
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