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

Links for this article

http://www.ingentaconnect.com/els/01651765/1996/00000052/00000003/art00870
http://openurl.ingenta.com/content?genre=article&issn=0165-1765&volume=52&issue=3&spage=275&epage=278
http://dx.doi.org/10.1016/S0165-1765(96)00870-1