haku: @all betting / yhteensä: 70
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| Tekijä: | Colquitt, L. L. Godwin, N. H. Caudill, S. B. |
| Otsikko: | Testing Efficiency Across Markets: Evidence from the NCAA Basketball Betting Market |
| Lehti: | Journal of Business Finance and Accounting
2001 : JAN-MAR, VOL. 28:1-2, p. 231-248 |
| Asiasana: | GAMBLING INDUSTRY MARKET EFFICIENCY PRICES |
| Kieli: | eng |
| Tiivistelmä: | This study utilizes the National Collegiate Athletic Association basketball point spread betting market to investigate whether differences in information availability across markets result in different relative efficiencies of price formation within those markets. Using intra- conference games of various conferences as clearly defined markets, the authors show that these markets are efficient given the information available in those markets. However, the authors also show that regression error variances are significantly smaller (greater) for those conferences with greater (lesser) information availability. This evidence supports previous stock market research suggesting that differential fundamental information availability across stock markets results in differential departures from equilibrium values. |
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