TY - JOUR
T1 - The growth of gambling and prediction markets
T2 - Economic and financial implications
AU - Paton, David
AU - Siegel, Donald S.
AU - Williams, Leighton Vaughan
N1 - Copyright:
Copyright 2009 Elsevier B.V., All rights reserved.
PY - 2009
Y1 - 2009
N2 - In recent years, there has been a substantial global increase in gambling and prediction markets, including casinos, sports betting, lotteries, elections and wagering on financial instruments. This trend has heightened interest in numerous economic and financial issues related to this sector. These include questions relating to the efficiency of these markets, heterogeneity in risk attitudes among economic agents, and the use of prediction markets in policy analysis. The papers in this special issue provide a mix of theoretical and empirical evidence on these issues.
AB - In recent years, there has been a substantial global increase in gambling and prediction markets, including casinos, sports betting, lotteries, elections and wagering on financial instruments. This trend has heightened interest in numerous economic and financial issues related to this sector. These include questions relating to the efficiency of these markets, heterogeneity in risk attitudes among economic agents, and the use of prediction markets in policy analysis. The papers in this special issue provide a mix of theoretical and empirical evidence on these issues.
UR - http://www.scopus.com/inward/record.url?scp=63149158026&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=63149158026&partnerID=8YFLogxK
U2 - 10.1111/j.1468-0335.2008.00753.x
DO - 10.1111/j.1468-0335.2008.00753.x
M3 - Article
AN - SCOPUS:63149158026
VL - 76
SP - 219
EP - 224
JO - Economica
JF - Economica
SN - 0013-0427
IS - 302
ER -