Home bias in sport betting: Evidence from Czech betting market
Journal Title: Judgment and Decision Making - Year 2017, Vol 12, Issue 2
Abstract
In sport betting, bettors exhibit home bias when they tend to bet on their home team more often. The paper offers a straightforward method of empirical identification of the home bias in the real-world betting market. Using Czech betting data on the league and the national ice-hockey matches, the paper provides support for the existence of the home bias in the Czech betting market.
Authors and Affiliations
Rostislav Staněk
Keywords
Related Articles
- EP ID EP678285
- DOI -
- Views 125
- Downloads 0
The mean, the median, and the St. Petersburg paradox
The St. Petersburg Paradox is a famous economic and philosophical puzzle that has generated numerous conflicting explanations. To shed empirical light on this phenomenon, we examined subjects’ bids for one St. Petersburg...
Trust and self-control: The moderating role of the default
According to recent dual-process theories, interpersonal trust is influenced by both impulsive and deliberative processes. The present research explores the determinants of deliberative trust, investigating how trust dec...
Analytic atheism: A cross-culturally weak and fickle phenomenon?
Religious belief is a topic of longstanding interest to psychological science, but the psychology of religious disbelief is a relative newcomer. One prominently discussed model is analytic atheism, wherein cognitive refl...
TEMAP2.R: True and Error model analysis program in R
True and Error Theory (TET) provides a method to separate the variability of behavior into components due to changing true policy and to random error. TET is a testable theory that can serve as a statistical model, allow...
The decision paradoxes motivating Prospect Theory: The prevalence of the paradoxes increases with numerical ability
Prospect Theory (PT: Kahneman & Tversky, 1979) of risky decision making is based on psychological phenomena (paradoxes) that motivate assumptions about how people react to gains and losses, and how they weight outcomes w...