Publikationsserver
Experimental Evidence on Forecaster (anti-) Herding in Sports Markets
We experimentally analyzed whether (anti-)herding behavior of forecasters in sport-betting markets is influenced by the incentive structure of the market (winner-takes-all vs. equal payment of most accurate forecasts) and by personal traits of forecasters. We found evidence of anti-herding in foreca...
Salvato in:
| Pubblicato in: | MAGKS - Joint Discussion Paper Series in Economics (Band 38-2020) |
|---|---|
| Autori principali: | , , |
| Natura: | Articolo |
| Lingua: | inglese |
| Pubblicazione: |
Philipps-Universität Marburg
2020
|
| Soggetti: | |
| Accesso online: | PDF Full Text |
| Tags: |
Aggiungi Tag
Nessun Tag, puoi essere il primo ad aggiungerne!!
|
| Riassunto: | We experimentally analyzed whether (anti-)herding behavior of forecasters in sport-betting markets is influenced by the incentive structure of the market (winner-takes-all vs. equal payment of most accurate forecasts) and by personal traits of forecasters. We found evidence of anti-herding in forecasts of the German Bundesliga. Self-reported knowledge and, more surprisingly, winner-takes-all incentives reduced anti-herding. On average, forecasts were less accurate with stronger anti-herding. Winner-takes-all incentives and self-reported knowledge improved forecasts. |
|---|---|
| Descrizione fisica: | 29 Seiten |
| ISSN: | 1867-3678 |
| DOI: | 10.17192/es2024.0664 |