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Description - Information Efficiency in Financial and Betting Markets by Leighton Vaughan Williams

The 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 is the first book to review and analyse 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 new 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 Details

ISBN: 9780521816038
ISBN-10: 0521816033
Format: Hardback
(216mm x 138mm x 27mm)
Pages: 412
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 29-Sep-2005
Country of Publication: United Kingdom

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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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