Item type:Article, Open Access

Experimental Evidence on Forecaster (anti-) Herding in Sports Markets

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2024-01-19

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Abstract

We experimentally analyzed whether (anti-)herding behavior of forecasters in sport-betting markets is influenced by the incentive structure of the market (winner-takes-all vs. equal payment of most accurate forecasts) and by personal traits of forecasters. We found evidence of anti-herding in forecasts of the German Bundesliga. Self-reported knowledge and, more surprisingly, winner-takes-all incentives reduced anti-herding. On average, forecasts were less accurate with stronger anti-herding. Winner-takes-all incentives and self-reported knowledge improved forecasts.

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Dates
Created: 2020Issued: 2024-01-19
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Is part of: es/2023/0167
DOI
https://doi.org/10.17192/es2024.0664
Faculty
Fachbereich Wirtschaftswissenschaften
Language
eng
Data types
Article
Keywords
Sports forecastingSurvey data(Anti-)HerdingExperiment
DDC-Numbers
330
License
https://rightsstatements.org/vocab/InC/1.0/
URI
https://open.uni-marburg.de/handle/10.17192/es.2024.0664
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Bühren, Christoph; Meyer, Tim; Pierdzioch, Christian: Experimental Evidence on Forecaster (anti-) Herding in Sports Markets. In: , Jg. (2024-01-19), . DOI: https://doi.org/10.17192/es2024.0664.

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This item has been published with the following license: In Copyright