Browsing Department of Business and Management Science by Subject "heterogeneous beliefs"
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Profitable Robot Strategies in Pari‐Mutuel Betting
(Discussion paper;6/17, Working paper, 2017-04-07)We have collected odds and results from 7 474 horse races in Norway and Sweden for a period of approximately 1.5 years. Based on the odds from the win game, we construct a profitable betting strategy for the corresponding ...