Information Efficiency in Financial and Betting Markets
Edited by Leighton Vaughan Williams
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Information Efficiency in Financial and Betting Markets by Leighton Vaughan Williams
Book DescriptionThe 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.
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Book DetailsISBN: 9780521816038
(216mm x 138mm x 27mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 29-Sep-2005
Country of Publication: United Kingdom
Books By Author Leighton Vaughan Williams
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Leighton Vaughan-Williams presents the background and the theory and evidence pertaining to the rapidly growing area of prediction markets as well as some key contributions from leading experts in the field.
Oxford Handbook of the Economics of Gambling, Hardback (January 2014)
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Information Efficiency in Financial and Betting Markets, Paperback (April 2009)» View all books by Leighton Vaughan Williams
Analyses information efficiency in both financial and betting markets.
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Author Biography - Leighton Vaughan Williams
Professor Leighton Vaughan Williams is Professor of Economics and Finance and Director of the Betting Research Unit at Nottingham Business School, Nottingham Trent University.
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