Gambling, prediction markets and public policy

David Patón, Donald S. Siegel, Leighton Vaughan Williamsf

Research output: Contribution to journalArticle

3 Scopus citations

Abstract

The recent worldwide increase in gambling and prediction markets, including casinos, sports betting, lotteries, elections, and wagering on financial instruments has stimulated an important debate regarding the public policy implications of these activities. Some critical research questions concern the efficiency of such markets, heterogeneity in risk attitudes among agents engaged in these activities, the factors that influence performance in gambling, and the desirability of using prediction markets. This special issue provides empirical evidence on these issues.

Original languageEnglish (US)
Pages (from-to)878-883
Number of pages6
JournalSouthern Economic Journal
Volume76
Issue number4
DOIs
StatePublished - Apr 2010
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics

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