{"title":"足球博彩和行为经济学:注","authors":"L. Kochman, David Bray, Luc Noiset","doi":"10.47509/ijefi.2022.v03i01.02","DOIUrl":null,"url":null,"abstract":"The strategy of oddsmakers to alter point spreads that capitalize on bettors’ preference for popular teams not only dooms regular profits for gamblers but also provides a clear example of imperfect decision-making for behavioral economists. The fear of regret suggests that bettors gravitate toward popular teams since any losses would not be peculiar to them. The implication that spreads on popular college teams would be inflated to balance bets and, in turn, create profit opportunities when betting against popular teams proved faulty.","PeriodicalId":426484,"journal":{"name":"INDIAN JOURNAL OF ECONOMICS AND FINANCIAL ISSUES","volume":"1 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"FOOTBALL BETTING AND BEHAVIORAL ECONOMICS: A NOTE\",\"authors\":\"L. Kochman, David Bray, Luc Noiset\",\"doi\":\"10.47509/ijefi.2022.v03i01.02\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The strategy of oddsmakers to alter point spreads that capitalize on bettors’ preference for popular teams not only dooms regular profits for gamblers but also provides a clear example of imperfect decision-making for behavioral economists. The fear of regret suggests that bettors gravitate toward popular teams since any losses would not be peculiar to them. The implication that spreads on popular college teams would be inflated to balance bets and, in turn, create profit opportunities when betting against popular teams proved faulty.\",\"PeriodicalId\":426484,\"journal\":{\"name\":\"INDIAN JOURNAL OF ECONOMICS AND FINANCIAL ISSUES\",\"volume\":\"1 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"1900-01-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"INDIAN JOURNAL OF ECONOMICS AND FINANCIAL ISSUES\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.47509/ijefi.2022.v03i01.02\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"INDIAN JOURNAL OF ECONOMICS AND FINANCIAL ISSUES","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.47509/ijefi.2022.v03i01.02","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
The strategy of oddsmakers to alter point spreads that capitalize on bettors’ preference for popular teams not only dooms regular profits for gamblers but also provides a clear example of imperfect decision-making for behavioral economists. The fear of regret suggests that bettors gravitate toward popular teams since any losses would not be peculiar to them. The implication that spreads on popular college teams would be inflated to balance bets and, in turn, create profit opportunities when betting against popular teams proved faulty.
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