3. Opacity and Present-Day Dynamics

  1. William S. Mallios

Published Online: 5 MAY 2011

DOI: 10.1002/9780470880616.ch3

Forecasting in Financial and Sports Gambling Markets: Adaptive Drift Modeling

Forecasting in Financial and Sports Gambling Markets: Adaptive Drift Modeling

How to Cite

Mallios, W. S. (2010) Opacity and Present-Day Dynamics, in Forecasting in Financial and Sports Gambling Markets: Adaptive Drift Modeling, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9780470880616.ch3

Author Information

  1. Craig School of Busines, California State University, Fresno, Fresno, California, USA

Publication History

  1. Published Online: 5 MAY 2011
  2. Published Print: 27 DEC 2010

ISBN Information

Print ISBN: 9780470484524

Online ISBN: 9780470880616

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Keywords:

  • opacity and present-day dynamics, communal well-being, economic and social efficiency - enlightening capitalists' self-interest;
  • efficient market hypothesis - roots in Adam Smith's metaphor of invisible hand of market;
  • lottery markets, establishing process of creative destructive benevolence

Summary

This chapter contains sections titled:

  • Dilemmas between Social and Economic Efficiency

  • Toward a More Visible Hidden Hand

  • Hedge Funds, Galapágos, and Evolution

  • Lotteries: Market for Losers