Matches in SemOpenAlex for { <https://semopenalex.org/work/W978670271> ?p ?o ?g. }
- W978670271 abstract "I use sports betting markets as a laboratory to test behavioral theories of cross-sectional asset pricing anomalies. Two unique features of these markets provide a distinguishing test of behavioral theories: 1) the bets are completely idiosyncratic and therefore not confounded by rational theories; 2) the contracts have a known and short termination date where uncertainty is resolved that allows any mispricing to be detected. Analyzing more than a hundred thousand contracts spanning two decades across four major professional sports (NBA, NFL, MLB, and NHL), I find momentum and value effects that move betting prices from the open to the close of betting, that are then completely reversed by the game outcome. These findings are consistent with delayed overreaction theories of asset pricing. In addition, a novel implication of overreaction uncovered in sports betting markets is shown to also predict momentum and value returns in financial markets. Finally, momentum and value effects in betting markets appear smaller than in financial markets and are not large enough to overcome trading costs, limiting the ability to arbitrage them away." @default.
- W978670271 created "2016-06-24" @default.
- W978670271 creator A5053979330 @default.
- W978670271 date "2015-01-01" @default.
- W978670271 modified "2023-09-23" @default.
- W978670271 title "Asset Pricing and Sports Betting" @default.
- W978670271 cites W1463637956 @default.
- W978670271 cites W1533576069 @default.
- W978670271 cites W1536779365 @default.
- W978670271 cites W1988250693 @default.
- W978670271 cites W1991440916 @default.
- W978670271 cites W1994186191 @default.
- W978670271 cites W1995834279 @default.
- W978670271 cites W1998677466 @default.
- W978670271 cites W2013469546 @default.
- W978670271 cites W2016377072 @default.
- W978670271 cites W2021070008 @default.
- W978670271 cites W2036613564 @default.
- W978670271 cites W2044668828 @default.
- W978670271 cites W2065890646 @default.
- W978670271 cites W2074406792 @default.
- W978670271 cites W2085859523 @default.
- W978670271 cites W2090164389 @default.
- W978670271 cites W2094660278 @default.
- W978670271 cites W2109047492 @default.
- W978670271 cites W2113305199 @default.
- W978670271 cites W2122453568 @default.
- W978670271 cites W2125520394 @default.
- W978670271 cites W2126644038 @default.
- W978670271 cites W2134183765 @default.
- W978670271 cites W2138625304 @default.
- W978670271 cites W2140408766 @default.
- W978670271 cites W2144487825 @default.
- W978670271 cites W2146299039 @default.
- W978670271 cites W2151306296 @default.
- W978670271 cites W2160275010 @default.
- W978670271 cites W2165305482 @default.
- W978670271 cites W2166215547 @default.
- W978670271 cites W2320868325 @default.
- W978670271 cites W269557233 @default.
- W978670271 cites W3011865677 @default.
- W978670271 cites W3022061138 @default.
- W978670271 cites W3121231812 @default.
- W978670271 cites W3121302911 @default.
- W978670271 cites W3121538251 @default.
- W978670271 cites W3122727604 @default.
- W978670271 cites W3122790088 @default.
- W978670271 cites W3123178375 @default.
- W978670271 cites W3123272480 @default.
- W978670271 cites W3123553766 @default.
- W978670271 cites W3123661710 @default.
- W978670271 cites W3123993840 @default.
- W978670271 cites W3124155838 @default.
- W978670271 cites W3124476761 @default.
- W978670271 cites W3124639629 @default.
- W978670271 cites W3125273290 @default.
- W978670271 cites W3125866137 @default.
- W978670271 cites W3150547458 @default.
- W978670271 cites W4231546411 @default.
- W978670271 cites W4234492972 @default.
- W978670271 cites W4292157289 @default.
- W978670271 cites W74101598 @default.
- W978670271 doi "https://doi.org/10.2139/ssrn.2635517" @default.
- W978670271 hasPublicationYear "2015" @default.
- W978670271 type Work @default.
- W978670271 sameAs 978670271 @default.
- W978670271 citedByCount "8" @default.
- W978670271 countsByYear W9786702712016 @default.
- W978670271 countsByYear W9786702712018 @default.
- W978670271 countsByYear W9786702712019 @default.
- W978670271 countsByYear W9786702712020 @default.
- W978670271 countsByYear W9786702712022 @default.
- W978670271 crossrefType "journal-article" @default.
- W978670271 hasAuthorship W978670271A5053979330 @default.
- W978670271 hasConcept C10138342 @default.
- W978670271 hasConcept C106159729 @default.
- W978670271 hasConcept C144133560 @default.
- W978670271 hasConcept C162118730 @default.
- W978670271 hasConcept C162324750 @default.
- W978670271 hasConcept C38652104 @default.
- W978670271 hasConcept C41008148 @default.
- W978670271 hasConcept C76178495 @default.
- W978670271 hasConceptScore W978670271C10138342 @default.
- W978670271 hasConceptScore W978670271C106159729 @default.
- W978670271 hasConceptScore W978670271C144133560 @default.
- W978670271 hasConceptScore W978670271C162118730 @default.
- W978670271 hasConceptScore W978670271C162324750 @default.
- W978670271 hasConceptScore W978670271C38652104 @default.
- W978670271 hasConceptScore W978670271C41008148 @default.
- W978670271 hasConceptScore W978670271C76178495 @default.
- W978670271 hasLocation W9786702711 @default.
- W978670271 hasOpenAccess W978670271 @default.
- W978670271 hasPrimaryLocation W9786702711 @default.
- W978670271 hasRelatedWork W179535084 @default.
- W978670271 hasRelatedWork W2060678932 @default.
- W978670271 hasRelatedWork W2085284844 @default.
- W978670271 hasRelatedWork W2124720976 @default.
- W978670271 hasRelatedWork W2170632942 @default.
- W978670271 hasRelatedWork W3041315963 @default.
- W978670271 hasRelatedWork W3122717959 @default.