Misperception explains favorite-longshot bias: evidence from the Finnish and Swedish harness horse race markets
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DOI: 10.1007/s00181-018-1538-0
Abstract: We use a unique data set from Finnish and Swedish horse race betting markets to explain the favorite-longshot bias. The data set includes a complete set of odds for exotic markets. We use the exotic… read more here.
Keywords: finnish swedish; favorite longshot; longshot bias; horse race ... See more keywords