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dc.creatorAbinzano Guillén, María Isabeles_ES
dc.creatorMuga Caperos, Luis Fernandoes_ES
dc.creatorSantamaría Aquilué, Rafaeles_ES
dc.date.accessioned2020-05-29T07:13:43Z
dc.date.available2021-07-24T23:00:11Z
dc.date.issued2020
dc.identifier.issn0003-6846
dc.identifier.urihttps://hdl.handle.net/2454/36997
dc.description.abstractThe presence of small bettors in betting exchanges generates mispricing, which can lead to exploitation by informed traders or result in permanent price deviations. This paper shows that mispricing from this source is also dependent upon variables of established relevance such as tournament round, the level of attention to the event, the volume of the betting, and bet type, further confirming these findings by means of cumulative accuracy profile (CAP) curves. It also offers evidence of the relevant role played by the type of device used to place the bet, whereby higher mispricing is observed in live bets placed via a mobile device, which appears to be associated with impulsive betting. This last finding could have practical implications for the regulation of the use of mobile devices to access gambling platforms.en
dc.description.sponsorshipThis work was supported by the Fundación Caja Navarra [FUNCAN-07445]; Ministerio de Economía y Competitividad [ECO2016-77631-R].en
dc.format.extent30 p.
dc.format.mimetypeapplication/pdfen
dc.language.isoengen
dc.publisherRoutledgeen
dc.relation.ispartofApplied Economics, 2020en
dc.rights© 2020 Informa UK Limited, trading as Taylor & Francis Groupen
dc.subjectBetting exchangesen
dc.subjectMarket efficiencyen
dc.subjectNoise bettorsen
dc.subjectBehavioural financeen
dc.titleThe role of small bettors in price formation in betting exchangesen
dc.typeinfo:eu-repo/semantics/articleen
dc.typeArtículo / Artikuluaes
dc.contributor.departmentInstitute for Advanced Research in Business and Economics - INARBEes_ES
dc.rights.accessRightsinfo:eu-repo/semantics/openAccessen
dc.rights.accessRightsAcceso abierto / Sarbide irekiaes
dc.embargo.terms2021-07-24
dc.identifier.doi10.1080/00036846.2020.1717427
dc.relation.projectIDinfo:eu-repo/grantAgreement/ES/1PE/ECO2016-77631-Ren
dc.relation.publisherversionhttps://doi.org/10.1080/00036846.2020.1717427
dc.type.versioninfo:eu-repo/semantics/acceptedVersionen
dc.type.versionVersión aceptada / Onetsi den bertsioaes


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