[Game Theory Reading] Re: Reading: (Wed, 1 July, 1:15pm) Measuring market composition through the favourite-longshot bias

[Dengji Zhao]

Dear all,

Valerio's talk in today at 1:15pm.

Also start from this session, we will RECORD each talk and make it
available to those who want to watch it later on (with the speaker's
permission).

To that end, the online participation has been CHANGED to:
https://goo.gl/VWIHZp

Cheers,
Dengji

On 30 June 2015 at 12:52, Dengji Zhao <d.zhao at soton.ac.uk> wrote:

> Dear all,
>
> In this Wednesday's game theory reading group, AIC PhD candidate Valerio
> Restocchi will talk about his research on measuring market composition.
>
> Time/Venue: 1 July, 1:15pm - 2:00pm / B32 3073
>
> Online participation: http://goo.gl/bTKsje
>
> Title:
> Measuring market composition through the favourite-longshot bias
>
> Abstract:
>
> The favourite-longshot bias is a recurring anomaly affecting time-limited
> markets, in which those events characterised by high (low) probability of
> realisation are, on average, underpriced (overpriced). I will talk about
> the model we developed for explaining this anomaly, showing how skewing
> prices and therefore causing the favourite-longshot bias is the best
> strategy for the market maker if the market is populated by heterogeneous
> agents. I will also show how this model can be used as a tool for getting
> new insights about time-limited markets, especially about market
> composition and efficiency.
>
>
> To access all previous talks:
> https://sites.google.com/site/sotonecsreadinggroups/resources
>
> Best,
> Dengji
>
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