The favourite-longshot bias in parimutuel betting: A clarification of the explanation that bettors like to bet longshots
Authors: Hurley W.1; McDonough L.
Source: Economics Letters, Volume 52, Number 3, September 1996 , pp. 275-278(4)
Publisher: Elsevier
Keywords: Gambling; Parimutuel; Transactions cost; Short-selling; [JEL classification codes] D4; [JEL classification codes] G1; [JEL classification codes] L83
Language: English
Document Type: Research article
DOI: 10.1016/S0165-1765(96)00870-1
Affiliations: 1: Department of Business Administration, The Royal Military College of Canada, Kingston, Ontario, K7K 5L0, Canada

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