Power-law distribution in Japanese racetrack betting

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Power-law distribution in Japanese racetrack betting

Gambling is one of the basic economic activities that humans indulge in. An investigation of gambling activities provides deep insights into the economic actions of people and sheds lights on the study of econophysics. In this paper we present an analysis of the distribution of the final odds of the races organized by the Japan Racing Association. The distribution of the final odds Po(x) indica...

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ژورنال

عنوان ژورنال: Physica A: Statistical Mechanics and its Applications

سال: 2006

ISSN: 0378-4371

DOI: 10.1016/j.physa.2005.12.027