https://www.aeaweb.org/articles?id=10.1257/mic.2.1.58
Noise, Information, and the Favorite-Longshot Bias in Parimutuel Predictions - American Economic...
Noise, Information, and the Favorite-Longshot Bias in Parimutuel Predictions by Marco Ottaviani and Peter Norman Sorensen. Published in volume 2, issue 1,...
favorite longshot biasnoise information