The growth of gambling and prediction markets

Economic and financial implications

David Paton, Donald Siegel, Leighton Vaughan Williams

Research output: Contribution to journalArticle

10 Citations (Scopus)

Abstract

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.

Original languageEnglish (US)
Pages (from-to)219-224
Number of pages6
JournalEconomica
Volume76
Issue number302
DOIs
StatePublished - Apr 1 2009
Externally publishedYes

Fingerprint

Gambling
Economics
Prediction markets
Elections
Casino
Risk attitude
Sports betting
Empirical evidence
Financial instruments
Lottery
Policy analysis

ASJC Scopus subject areas

  • Economics and Econometrics

Cite this

The growth of gambling and prediction markets : Economic and financial implications. / Paton, David; Siegel, Donald; Williams, Leighton Vaughan.

In: Economica, Vol. 76, No. 302, 01.04.2009, p. 219-224.

Research output: Contribution to journalArticle

Paton, David ; Siegel, Donald ; Williams, Leighton Vaughan. / The growth of gambling and prediction markets : Economic and financial implications. In: Economica. 2009 ; Vol. 76, No. 302. pp. 219-224.
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