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Market Efficiency in Racetrack Betting

✍ Scribed by Peter Asch, Burton G. Malkiel and Richard E. Quandt

Book ID
124683451
Publisher
University of Chicago Press
Year
1984
Tongue
English
Weight
229 KB
Volume
57
Category
Article
ISSN
0021-9398

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Gambling is one of the basic economic activities that humans indulge in. An investigation of gambling activities provides deep insights into the economic actions of people and sheds lights on the study of econophysics. In this paper we present an analysis of the distribution of the final odds of the