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Can Bettors Win?
Leighton Vaughan Williams
World Economics, March 2001
In this paper, a survey is undertaken of studies that examines the extent to which systematic patterns of behaviour in betting markets can generate above-average or even abnormal returns, the latter being most conveniently defined for these purposes as a profit. The paper concludes that although betting markets do tend to process efficiently the information available to them, there are clear opportunities to earn above-average returns. Moreover, there is significant evidence that some bettors are able to profit by withholding and subsequently utilising superior information.
Data on Singapore’s Sovereign Wealth Fund is Flawed
World Economics, September 2015
The Illusory Economic Gains from Hosting the Olympics & World Cup
World Economics, March 2015
The Endless Business of Reforming the IMF
World Economics, December 2014
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