The Growth of Gambling and Prediction Markets: Economic and Financial Implications

6 Pages Posted: 27 Apr 2009

Abstract

In recent years, there has been a substantial global increase in gambling and prediction markets, including casinos, sports betting, lotteries, elections and wagering on financial instruments. This trend has heightened interest in numerous economic and financial issues related to this sector. These include questions relating to the efficiency of these markets, heterogeneity in risk attitudes among economic agents, and the use of prediction markets in policy analysis. The papers in this special issue provide a mix of theoretical and empirical evidence on these issues.

Suggested Citation

Siegel, Donald S., The Growth of Gambling and Prediction Markets: Economic and Financial Implications. Economica, Vol. 76, Issue 302, pp. 219-224, April 2009, Available at SSRN: https://ssrn.com/abstract=1375987 or http://dx.doi.org/10.1111/j.1468-0335.2008.00753.x

Donald S. Siegel

Arizona State University ( email )

411 North Central
Phoenix, AZ 85004
United States
6024961101 (Phone)

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