- Consulting Editors
- The Employment Impact of Casino Gambling in the U.S.
- The Economics of Casino Taxation
- The Elasticity of Casino Gambling
- The Economics of Asian Casino Gaming and Gambling
- How Does Implementation of a Smoking Ban Affect Gaming?
- Overview of the Economic and Social Impacts of Gambling in the United States
- The Economics Of Online Sports Betting
- The Football Pools
- The Efficiency of Soccer Betting Markets
- The Efficiency of Pelota Betting Markets
- The Lure of the Pitcher: How The Baseball Betting Market Is Influenced By Elite Starting Pitchers
- Information Efficiency in High-Frequency Betting Markets
- On The Long-Run Sustainability of Tote Betting Markets
- The Economics of Racetrack-Casino (Racino) Gambling
- The Modern Racing Landscape and The Racetrack Wagering Market: Components of Demand, Subsidies, and Efficiency
- What Explains The Existence of an Exchange Overround?
- Insider Trading in Betting Markets
- Pricing Decisions and Insider Trading in Fixed-Odds Horse Betting Markets
- Betting on Simultaneous Events and Accumulator Gambles
- A Primer on the Mathematics of Gambling
- The Science and Economics of Poker
- The Kelly Criterion with Games of Chance
- Exploiting Expert Analysis? Evidence from Event Studies in an Information-Rich Market Environment
- Betting Motivation and Behavior
- Motivation in Betting Markets: Speculation, Calculus, or Fun?
- Evidence of Biased Decision-Making in Betting Markets
- Behavioral Finance and Point Spread Wagering Markets
- A Simple Automated Market Maker for Prediction Markets
- The Long History of Political Betting Markets: An International Perspective
- The Efficiency Of Lottery Markets
- The National Lottery
- The Benefits and Costs of Slot Machine Gambling
- The Economics Of Lotteries: A Survey Of The Literature
- The Taxation Of Gambling Machines: A Theoretical Perspective
- Name Index
- General Index
Abstract and Keywords
The objective of this chapter is to review and extend an emerging body of research that tests theories, models, and general predictions of human behavior—most of which are rooted in psychology—while using the point spread wagering market as the setting. The bridge between behavioral psychology and sports betting is provided by the growing field of behavioral finance, a relatively new subdiscipline of behavioral economics.
Greg Durham is Assistant Professor of Finance in the College of Business at Montana State University.
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