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Appropriate statistical methodology for testing the efficiency of betting markets involving spread and totals

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Abstract

This paper compares the accuracy of commonly used tests of market efficiency and provides a recommendation for future research.

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References

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Authors and Affiliations

  1. College of Business, Eastern Michigan University, 406 Owen Building, 48197, Ypsilanti, MI

    M. Woodland (Professor of Economics) & Linda M. Woodland (Professor of Decision Science)

Authors
  1. M. Woodland
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  2. Linda M. Woodland
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Additional information

The authors would like to thank Morrey Kramer for his helpful insights.

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Woodland, M., Woodland, L.M. Appropriate statistical methodology for testing the efficiency of betting markets involving spread and totals. J Econ Finan 29, 385–390 (2005). https://doi.org/10.1007/BF02761582

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  • DOI: https://doi.org/10.1007/BF02761582

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