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Journal of Economic Literature: Vol. 37 No. 2 (June 1999)
JEL Volume. 37, Issue 2 | 
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JEL Indexes (Members Only)Corrigendum: The Economics of Wagering Markets
Article Citation
Sauer, Raymond D. 1999. "Corrigendum: The Economics of Wagering Markets."
Journal of Economic Literature,
37(2): 567-567.
DOI: 10.1257/jel.37.2.567
DOI: 10.1257/jel.37.2.567
Abstract
CORRIGENDUM
In "The Economics of Wagering Markets", by Raymond D. Sauer (December 1998), the two-paragraph
discussion on page 2039 of Hurley and McDonough’s (1996b) model of the favorite long-shot bias
contains an error of attribution. Whereas the results discussed in the second paragraph are new to their
paper, the results discussed in the first paragraph were originally derived in Theorem 2 of Ali (1977).
Article Full-Text Access
Full-text Article
Authors
Sauer, Raymond D. (Unlisted)
JEL Classifications
D81: Criteria for Decision-Making under Risk and Uncertainty
L83: Sports; Gambling; Recreation; Tourism
L83: Sports; Gambling; Recreation; Tourism
