Gambling,Prediction Markets and Public Policy |
| |
| Authors: | David Paton Donald S Siegel Leighton Vaughan Williams |
| |
| Institution: | 1. Nottingham University Business School, Nottingham NG8 1BB, United Kingdom.;2. School of Business, University at Albany, SUNY, 1400 Washington Avenue, Albany, NY 12222, USA.;3. Nottingham Business School, Nottingham Trent University, Burton Street, Nottingham NG1 4BU, United Kingdom. |
| |
| Abstract: | The recent worldwide increase in gambling and prediction markets, including casinos, sports betting, lotteries, elections, and wagering on financial instruments has stimulated an important debate regarding the public policy implications of these activities. Some critical research questions concern the efficiency of such markets, heterogeneity in risk attitudes among agents engaged in these activities, the factors that influence performance in gambling, and the desirability of using prediction markets. This special issue provides empirical evidence on these issues. |
| |
| Keywords: | |
|
|
