The official launch of the Centre for Sports Economics and Law (CSEL) will take place on Monday 23rd of July 2018 at University College Cork. This event will be followed by the 4th sports economics workshop which is being hosted this year by the Centre for Analysis and Risk.
The theme of these year's event is sports betting and a selection of technical academic papers in the area will be presented over the two days.
Betting on sports is an enormously popular activity, which earns significant revenues, enhances many fans’ sense of emotional involvement with sports, and, on the downside, causes substantial welfare loss to people who gamble recklessly or addictively. For the economist interested in people’s preferences over risk, and the interaction of these preferences with their beliefs about probabilities, sports betting provides a field setting almost ideally designed for supporting rich inferences. Policy makers and regulators who have responsibilities associated with sports, leisure, and gambling can gain crucial insights into, and predictive leverage over, responses to changes in odds and incentives through observations of naturally occurring sports betting, as well as through economists’ laboratory and field experiments with punters. The CEAR workshop on Sports Betting brings together both researchers who specialize in the economics of sport, and theoretical and experimental risk specialists who use sports betting contexts as environments for establishing more general insights into risky choice.The full programme of events is as follows:
Monday July 23
9:15 – 9:45 Launch of the UCC Centre for Sports Economics and Law
9:45 – 10:00 Workshop welcome and Background on CEAR
10:00 – 11:00 Filippos Papakonstantinou: History-dependent risk preferences: Evidence from individual choices and implications for the disposition effect
11:15 – 12:15 Angie Andrikogiannopoulou: Heterogeneity in risk preferences: Evidence from a real-world betting market
12:15 – 1:15 Glenn Harrison & Eberhard Feess: Welfare Evaluation of Sports Betting Conditioned on Elicited Risk Preferences and Subjective Beliefs
2:30 – 3:30 Sylvan Herskowitz: Gambling, Saving, and Lumpy Liquidity Needs
3:30 – 4:30 David Forrest: Participation in, and rates of return from, betting: The role of IQ
Tuesday July 24
9:30 – 10:30 Raymond Sauer: Estimates of Player Value Through the Lens of Sports Betting Markets
10:30 – 11:30 Rob Simmons: Betting Markets, Outcome Uncertainty and Competitive Balance in Sports: What Have We Learned?
11:45 – 12:45 Brad Humphreys: A Simple Test of Semi-Strong Form Market Efficiency Using US College Sports Betting Data
2:00 – 3:00 Alasdair Brown: The Use of Framing Manipulations By Victorian Bookmakers
3:00 – 4:00 David Butler, Robbie Butler and Justin Doran: Turf Accountancy - A Spatial Analysis of Bookmakers
4:00 - 4:05 Close