Global ETD Search

1	Automated Market Making: Theory and Practice Othman, Abraham M 15 May 2012 (has links) Market makers are unique entities in a market ecosystem. Unlike other participants that have exposure (either speculative or endogenous) to potential future states of the world, market making agents either endeavor to secure a risk-free profit or to facilitate trade that would otherwise not occur. In this thesis we present a principled theoretical framework for market making along with applications of that framework to different contexts. We begin by presenting a synthesis of two concepts—automated market making from the artificial intelligence literature and risk measures from the finance literature—that were developed independently. This synthesis implies that the market making agents we develop in this thesis also correspond to better ways of measuring the riskiness of a portfolio—an important application in quantitative finance. We then present the results of the Gates Hillman Prediction Market (GHPM), a fielded large-scale test of automated market making that successfully predicted the opening date of the new computer science buildings at CMU. Ranging over 365 possible opening days, the market’s large event partition required new advances like a novel span-based elicitation interface. The GHPM uncovered some practical flaws of automated market makers; we investigate how to rectify these failures by describing several classes of market makers that are better at facilitating trade in Internet prediction markets. We then shift our focus to notions of profit, and how a market maker can trade to maximize its own account. We explore applying our work to one of the largest and most heavily-traded markets in the world by recasting market making as an algorithmic options trading strategy. Finally, we investigate optimal market makers for fielding wagers when good priors are known, as in sports betting or insurance. Market microstructure agent design wagering risk measures Computer Sciences
2	Early Season Inefficiencies in the NFL Sports Betting Market DiFilippo, Michael D. 19 June 2012 (has links) No description available. Finance Sports Wagering Efficient Markets Holdover Bias Irrational Investment
3	State Bred Event Days Effect on Attendance and On-Track Wagering in Comparison to Open Race Day Counterparts Gumber, Cynthia C 01 November 2013 (has links) (PDF) Since 1978 casino and gaming facilities in the United States have grown substantially. Drawing outside customers has helped to improve the local communities surrounding the gaming facilities. In a similar fashion, United States horse racing aims at increasing traffic and wagering at race tracks throughout the United States (but unlike casinos little expansion). Along with the fiscal impact to the United States, the horse racing industry has created thousands of jobs, and the industry is experiencing continual growth in nominal gross wagering. Many state’s have breeder programs that enhance purses and horses bred and raced in- state. The goal of this research was to assess whether these state bred event days (SBED) attendance and/or wagering were comparable to controls, the proximal weeks. Data was collected over a three year period and included sixteen states with such programs. The data was analyzed using ordinary least squares regression methods. Two models were run, an on-track wagering model, and an attendance model on a set of structural variables. In the on-track wagering model positive variables, including purse levels, change in track venue, and SBED concurrent with a major national race day (Triple Crown or Breeders’ Cup days), were associated with an increase in on-track wagering. California and New York SBED experienced significant increases in on- track wagering over open race days. The attendance model had similar results. While SBED programs are not used in every state, their overall contribution to horse racing is apparent and substantial. The enhancement and introduction of new well planned SBED programs in United States racing jurisdictions might increase attendance and wagering. Race Horse Gambling Wagering Race Track State Bred Event Days Agribusiness Agribusiness
4	Wagering on Multiple Choice Exams Moss, Mariah Bree 12 May 2016 (has links) No description available. Business Administration Education
5	Empirická analýza efektivity trhu kurzových sázek / The Empirical Analysis of Efficiency of Wagering Market Flegr, Jan January 2013 (has links) Aim of this diploma thesis is to provide empirical tests of market efficiency of tennis wagering market. In large dataset, which consists of nearly 47 thousands matches and 225 thousands odds, I am searching for anomalies, which can prove market inefficiency. Potentially profitable and exploitable betting strategies are also examined. Main tools of empirical analysis are linear probability models and logit models. Favorit-longshot bias is present in my data, this finding is consistent with results of other empirical works (Lahvička, 2013; Cain, Law, Peel, 2000). Major contribution of this paper is confirmation of home-away bias, the issue, which was not tested in tennis matches so far. The same holds for chart-bias. I am not able to find profitable wagering rules based on out-of-sample predictions of my models. Simple betting rule, which consists of betting systematically on overwhelming favorites, is derived from historical odds. This strategy yields a profit 0,0094, but it's applicability is very limited.
6	Governing Gambling in the United States Garcia, Maria E 01 January 2010 (has links) The role risk taking has played in American history has helped shape current legislation concerning gambling. This thesis attempts to explain the discrepancies in legislation regarding distinct forms of gambling. While casinos are heavily regulated by state and federal laws, most statutes dealing with lotteries strive to regulate the activities of other parties instead of those of the lottery institutions. Incidentally, lotteries are the only form of gambling completely managed by the government. It can be inferred that the United States government is more concerned with people exploiting gambling than with the actual practice of wagering. In an effort to more fully understand the gambling debate, whether it should be allowed or banned, I examined different types of sources. Historical sources demonstrate how ingrained in American culture risk taking, the core of gambling, has been since the formation of this nation. Sources dealing with the economic implications of gambling were also studied. Additionally, sources dealings with the political and legal aspects of gambling were essential for this thesis. Legislature has tried to reconcile distinct problems associated with gambling, including corruption. For this reason sports gambling scandals and Mafia connections to gambling have also been examined. The American government has created much needed legislature to address different concerns relating to gambling. It is apparent that statutes will continue to be passed to help regulate the gambling industry. A possible consideration is the legalization of sports wagering to better regulate that sector of the industry. Gambling Sports wagering Economics Indian gaming Lotteries Casinos Las Vegas Kefauver Committee Indian Gambling Regulatory Act of 1988 boxing Horse racing Gambling scandals Mafia Federal Wire Act Illegal Money Transmitters Act of 1992 Model Anti-Gambling Act Bookmakers (Gambling) American Politics American Popular Culture Antitrust and Trade Regulation Constitutional Law Cultural History Cyberspace Law Entertainment and Sports Law Growth and Development Indian and Aboriginal Law Law and Economics Law and Society Legal Political History Politics State and Local Government Law United States History
7	The legalisation and regulation of online gambling in South Africa Morgan, Kirsty Kate January 2017 (has links) Magister Legum - LLM (Mercantile and Labour Law) Online gambling Legislation Regulation South Africa

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