Information Efficiency in Financial and Betting Markets 
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 The degree to which markets incorporate information is one of the most important questions facing economists today. This book provides a fascinating study of the existence and extent of information efficiency in financial markets, with a special focus on betting markets. Betting markets are selected for study because they incorporate features highly appropriate to a study of information efficiency, in particular the fact that each bet has a well-defined end point at which its value becomes certain. Using international examples, this book reviews and analyses the issue of information efficiency in both financial and betting markets. Part I is an extensive survey of the existing literature, while Part II presents a range of readings by leading academics. Insights gained from the book will interest students of financial economics, financial market analysts, mathematicians and statisticians, and all those with a special interest in finance or gambling. 
 
 
 
 



        

            
            

                
Publisher
                
Cambridge University Press
            
            
            

                
Dimensions
                
15.24 x 2.69 x 22.86 cm
            
            
            

                
Language
                
English
            
            
            

                
Print length
                
412 pages
            
            
            

                
Book Type
                
Hardcover
            
            
            

                
ISBN-10
                
0521816033
            
            
            

                
ISBN-13
                
978-0521816038
            
            
            

                
Publication date
                
29 Sept. 2005
            
            
        
         




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