Corrigendum: The Economics of Wagering Markets
- (pp. 567-567)
AbstractCORRIGENDUM 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).
Citation1999. "Corrigendum: The Economics of Wagering Markets." Journal of Economic Literature, 37(2): 567-567. DOI: 10.1257/jel.37.2.567
- D81 Criteria for Decision-Making under Risk and Uncertainty
- L83 Sports; Gambling; Recreation; Tourism