Article Title: 'Why is there a Favourite-Longshot Bias in British Racetrack Betting Markets?' by Paton and Vaughan Williams

File size: 25KB

Description of data:

The file betting.raw contains the data used to estimate the regressions in the paper entitled "Why is there a Favourite-Longshot Bias in British Racetrack Betting Markets" by Leighton Vaughan Williams and David Paton, published in the Economic Journal, January 1997, vol. 107 pp. 150-8.

betting.raw contains the following variables:

rn = number of runners
D = sum of starting prices - 1
varp = Shin's "variance" of starting prices
hc3 = dummy for high grade handicap races
move = dummy for races in which FP > 1.4*SP

The results in the paper were generated using STATA version 4.0.

For more information, the authors can be contacted at:

Department of Economics and Politics
The Nottingham Trent University
Burton Street
Nottingham
NG1 4BU

Tel: 0115 941 8418 ext 5500/5516
Fax: 0115 948 6808
E-mail: epa3patond@ntu.ac.uk

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Paton.exe (25KB)