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dc.contributor.authorHUTZLER, STEFAN
dc.contributor.authorTOBIN, STEVEN
dc.contributor.authorHARDIMAN, STEPHEN
dc.date.accessioned2011-07-05T15:00:04Z
dc.date.available2011-07-05T15:00:04Z
dc.date.issued2011
dc.date.submitted2011en
dc.identifier.citationHardiman SJ, Tobin ST, Richmond P and Hutzler S, Distributions of certain market observables in an on-line betting exchange, Dynamics of Socio-Economic Systems, 2, 2011, 121 - 137en
dc.identifier.otherY
dc.identifier.urihttp://hdl.handle.net/2262/57432
dc.descriptionPUBLISHEDen
dc.description.abstractWe analyze high frequency time series of odds and trading volume as extracted from markets on an on-line betting exchange, Betfair.com. As in financial markets, the probability distributions for the change in the market price (odds) are seen to exhibit fat tails. We find significant differences in the statistics of odds changes which occur during the in-play activity of sporting events, when we argue that news is driving market dynamics, and the statistics of odds changes when game-play activity has ceased. Furthermore, we investigate the distribution of the market trading volume as sampled at high frequency and find it can be fit very well to a log-normal distribution functionen
dc.format.extent121en
dc.format.extent137en
dc.language.isoenen
dc.relation.ispartofseriesDynamics of Socio-Economic Systems;
dc.relation.ispartofseries2;
dc.rightsYen
dc.subjectStatisticsen
dc.subjectOn-Line Bettingen
dc.titleDistributions of certain market observables in an on-line betting exchangeen
dc.typeJournal Articleen
dc.type.supercollectionscholarly_publicationsen
dc.type.supercollectionrefereed_publicationsen
dc.identifier.peoplefinderurlhttp://people.tcd.ie/shutzler
dc.identifier.rssinternalid70800
dc.identifier.rssurihttp://www.dyses.org.ar/ojs2333/index.php/jdyses/article/view/20en


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