A betting market: Description and a theoretical explanation of bets in pelota matches


Autoria(s): Llorente Erviti, Loreto; Aizpurua Agirre, José María
Contribuinte(s)

Universidad Pública de Navarra. Departamento de Economía

Nafarroako Unibertsitate Publikoa. Ekonomia Saila

Data(s)

2006

10/05/2016

2006

Resumo

In pelota matches, bets are made between viewers through a middleman who receives 16% of the finally paid amount. In this paper a description of the way bets are made and an explanation of the existence of those markets is presented. Taking betting markets as a simplified analogy for financial markets we have searched for the explanation in a world where both sides of the market are not different in believes and preferences. Taking observations from actually made bets a preliminary analysis about the biases of those markets is presented.

Formato

application/pdf

application/pdf

Identificador

http://hdl.handle.net/2454/20649

Idioma(s)

eng

Relação

Documentos de Trabajo DE - ES Lan Gaiak

0603

Direitos

CC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)

https://creativecommons.org/licenses/by-nc-nd/4.0/

Acceso abierto / Sarbide irekia

info:eu-repo/semantics/openAccess

Tipo

Documento de trabajo / Lan gaiak

info:eu-repo/semantics/workingPaper