How Do Markets Function? An Empirical Analysis of Gambling on the National Football League
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The market for sports gambling is structured very differently than the typical financial market. In sports betting, bookmakers announce a price, after which adjustments are small and infrequent. As a consequence, bookmakers do not play the traditional role of market makers whose primary function is
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美国国家经济研究局创建时间：
2003-01-01
