Its basic empirical research and investigation of pure theories of investment in the sports and lottery markets make this volume a winner. These markets are simpler to study than traditional financial markets, and their expected values and outcomes are uncomplicated. By means of new overviews of scholarship on the industry side of racetrack and other betting markets to betting exchanges and market efficiencies, contributors consider a variety of sports in countries around the world. The result is not only superior information about market forecasting, but macro- and micro-analyses that are relevant to other markets.
* Easily studied sports markets reveal features relevant for more complex traditional financial markets
* Significant coverage of sports from racing to jai alai
* New studies of betting exchanges and Internet wagering markets

Edited by Rajnish Mehra, this volume focuses on the equity risk premium puzzle, a term coined by Mehra and Prescott in 1985 which encompasses a number of empirical regularities in the prices of capital assets that are at odds with the predictions of standard economic theory.

By focusing on the human side as well as the intellectual dimensions of how economists work and think, this collection of interviews with top economists of the 20th century becomes a startling and lively introduction to the modern world of macroeconomics. A fun read

For more information, frequent updates, and to comment on the forthcoming book, visit William A. Barnett's weblog at http: //economistmind.blogspot.com/.

Acclaim for "Inside the Economist's Mind"

"In candid interviews, these great economists prove to be fabulous story tellers of their lives and times. Unendingly gripping for insiders, this book should also help non-specialists understand how economists think."
"Professor Julio Rotemberg, Harvard University Business School, and Editor, Review of Economics and Statistics."

"Economics used to be called the 'dismal science'. It will be impossible for anybody to hold that view anymore ... This is science with flesh and blood, and a lot of fascinating stories that you will find nowhere else."
"Dr. Jean-Pascal Benassy, Paris-Jourdan Sciences Economiques, Paris, France"

"This book provides a rare and intriguing view of the personal and professional lives of leading economists ... It is like "A Beautiful Mind," scaled by a factor of 16 the number of interviews in the book]."
"Professor Lee Ohanian, University of California at Los Angeles"

" ... if you want an insider view of how economics has been developing in the last decades, this is the (only) book for you."
"Professor Giancarlo Gandolfo, University of Rome 'La Sapienza, ' Rome"

"Here we see the HUMAN side of path-breaking research, the personalities and pitfalls, the DRAMA behind the science."
"Professor Francis X. Diebold, University of Pennsylvania, Philadelphia"

By focusing on the human side as well as the intellectual dimensions of how economists work and think, this collection of interviews with top economists of the 20th century becomes a startling and lively introduction to the modern world of macroeconomics. A fun read

For more information, frequent updates, and to comment on the forthcoming book, visit William A. Barnett's weblog at http: //economistmind.blogspot.com/.

Acclaim for "Inside the Economist's Mind"

"In candid interviews, these great economists prove to be fabulous story tellers of their lives and times. Unendingly gripping for insiders, this book should also help non-specialists understand how economists think."
"Professor Julio Rotemberg, Harvard University Business School, and Editor, Review of Economics and Statistics."

"Economics used to be called the 'dismal science'. It will be impossible for anybody to hold that view anymore ... This is science with flesh and blood, and a lot of fascinating stories that you will find nowhere else."
"Dr. Jean-Pascal Benassy, Paris-Jourdan Sciences Economiques, Paris, France"

"This book provides a rare and intriguing view of the personal and professional lives of leading economists ... It is like "A Beautiful Mind," scaled by a factor of 16 the number of interviews in the book]."
"Professor Lee Ohanian, University of California at Los Angeles"

" ... if you want an insider view of how economics has been developing in the last decades, this is the (only) book for you."
"Professor Giancarlo Gandolfo, University of Rome 'La Sapienza, ' Rome"

"Here we see the HUMAN side of path-breaking research, the personalities and pitfalls, the DRAMA behind the science."
"Professor Francis X. Diebold, University of Pennsylvania, Philadelphia"