The University of Southampton
University of Southampton Institutional Repository

Toward an explanation of the favourtie-Longshot bias: a decision-making perspective

Johnson, J.E.V. and Bruce, A.C. (1999) Toward an explanation of the favourtie-Longshot bias: a decision-making perspective , Southampton, UK University of Southampton (Discussion Papers in Accounting and Management Science, 99-145).

Record type: Monograph (Discussion Paper)


This paper seeks to offer new insights into the behavioral origins of the 'favourite-longshot' bias- an established feature of betting markets, whereby longshots win less often than the subjective probabilities imply and favourites more often. This study analyses a new data source which offers detailed information for a large sample of recent UK horseraces on decision-making behavior within the parimutuel and the parallel bookmaker-based betting markets

Full text not available from this repository.

More information

Published date: 1999


Local EPrints ID: 36093
PURE UUID: 141cc275-c425-4120-8c4e-c24908c665df

Catalogue record

Date deposited: 24 Apr 2007
Last modified: 17 Jul 2017 15:45

Export record


Author: J.E.V. Johnson
Author: A.C. Bruce

University divisions

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton:

ePrints Soton supports OAI 2.0 with a base URL of

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.