The University of Buckingham Press Journals
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FREE COUNTRY
Get PDFSir Sydney Kentridge KCMG, QC, Hart Publishing Oxford 2012 ISBN-10: 1849464677, ISBN-13: 978-1849464673 Price £20.00 hb‘Free Country’ is a collection of lectures and talks, twelve in all, given by Sir Sydney Kentridge QC, over a period running from 1979 to 2011 and now published as a collection. Sir Sydney became in 2009 an honorary LLD of the University of Buckingham, an addition to the seven or eight honorary degrees that he already held from Universities in England, South Africa and elsewhere in the world. Susan Edwards, Professor in Law at the University of Buckingham, asked me to write a review of “Free Country’ for inclusion in this year’s edition of The Denning Law Journal, published annually by the University. It was an honour and privilege to have received this invitation, my only qualification for which is that besides, like Sir Sydney, having had a career as a lawyer in England, I like him, was educated and brought up in South Africa and, when I came to England, did so on a South African passport. Having read, and re-read, the remarkable collection of lectures and talks that constitutes ‘Free Country’ I find it impossible to write about the collection without first writing about its very distinguished author
UNCERTAINTY OF OUTCOME AND TELEVISION RATINGS FOR THE NHL AND MLS
No full textAlthough there is mixed evidence of the role of uncertainty of outcome as it relates to attendance at stadiums, the limited evidence available for television ratings has shown that fans tend to prefer more uncertainty of outcome when it comes to watching live sports on television. Given the often substantially higher customer investments associated with live event attendance compared to television, fan preferences may differ across the two. This study examines Nielsen ratings for two previously unstudied sports in North America, the National Hockey League (NHL) and Major League Soccer (MLS). The uncertainty of outcome hypothesis is supported by the results in both samples using two separate measures of uncertainty of outcome. In addition, expected scoring is shown to positively impact television ratings in the NHL
An Examination of Two Competing Hypotheses: For the Demand for Lottery Tickets
No full textWe extend previous research on higher sales for end-of-the-week lottery drawings to a longer time series and to different lotteries. We find higher sales for end-of-the-week lotteries drawings with Wednesday/Saturday drawings and Tuesday/Friday drawings. Additionally, higher Friday sales from daily lotteries along with results from bonus play opportunities and intraday lottery sales provide evidence suggesting that the leisure time hypothesis is an incomplete explanation for the observed phenomenon. We offer an alternate explanation related to the preferred habitat for liquidity and suggest that an individual’s pool of discretionary funds is largest immediately following pay days. It is the fact that the most common pay pattern is weekly or biweekly with payment on Fridays which likely results in higher sales for end-of-the-week lottery drawings
PROBLEM AND PATHOLOGICAL GAMBLING: A CONCEPTUAL REVIEW
Get PDFThis report provides a conceptual summary and critique of problem and pathological gambling and how these terms are used in policy, research and clinical practice. It summarises the varying disciplinary approaches to understanding gambling-related disorders; the distinction drawn between harm and behavioural indicators; issues in measurement; and, the significance of longitudinal evidence relating to the stability of gambling-related problems. ‘Pathological gambling’ is identified as the principal term used in psychiatric (e.g., DSM-IV) or medical literature and one which is defined largely in terms of the mechanisms which are central to substance use disorders (cravings, tolerance and withdrawal). By contrast, ‘problem gambling’ appears to have to two common usages. In one usage, problem gambling refers to a less severe form of the disorder; in another, it refers to a public health conceptualisation that defines the disorder largely in terms of its harmful consequences. Commonly used psychometric measures of the disorder vary in relation to which of these conceptualisations is captured, but most include items relating to both behavioural indicators of pathology as well as harmful impacts. Longitudinal evidence suggests that reported problem gambling symptoms are often not stable over time. Individuals commonly shift between categories and this suggests that gambling-related disorders are unlikely (at least in some individuals) to be solely determined by underlying neurophysiological and dispositional factors that are immutable over time. The report supports the view that the causes of problem and pathological gambling are likely to be multi-faceted and require multi-disciplinary approaches to understand the factors responsible for the development of the disorder as well as its maintenance
The Optimality and Statistical Detection of Price Rigging in Betting Markets
Get PDFThe purpose of this paper is to determine empirically whether or not there is systematic price rigging in three Australian betting markets: Horse, harness and greyhound racing. We present a simple model which shows the conditions under which it is optimal for insiders to rig prices by deliberate under-performance in some races. We then show how an empirical analysis of the relationship between win and place probabilities in conjunction with observed patterns of betting behavior, may be used to establish the presence of price rigging. It is shown that there is no significant systematic price rigging in these markets
COMMON SENSE LEADERSHIP CONSIDERATIONS FOR EMERGING CASINO MANAGERS
No full textMany people consider the term common sense to be undefinable yet it is recognizable when one sees it in action. The same holds true for the word leadership, which has several thousand opinions on what it represents yet there is no a clear and acceptable classification or definition from theorists or practitioners. The third term, emerging manager, also is mystifying because the people it really applies to do not always comprehend that someone is talking about them. Let’s first define what we are talking about when using these expressions so we are all on the same page for further discussion.Common sense in the vernacular of this chapter relates to something that is a recognizable best practice that if not performed would indicate to others that person is lacking the ability to understand how to handle an issue in the proper business way. An example of this would be if a certain repeat visit Diamond level player had requested a certain type of room every time he came to your casino and for some reason the online system does not have that request shown on the screen then the common sense decision would be what? To accommodate that person so they can spend more time at the tables instead of arguing with staff over items that neither party can resolve at that moment. You certainly would not want to have them move to another hotel using their other high level loyalty card over an entry error, would you? The right decision on your part would be what we would call common sense
AN EXPLANATION OF OPTIMAL EACH-WAY BETS BASED ON NON-EXPECTED UTILITY THEORY
No full textThe purpose in this paper is to demonstrate how the non-expected utility models of Markowitz and Kahneman and Tversky can explain why an agent, chooses to bet each way on a horse.We also show that that appeal to moments of return, such as a preference for skewness of return, ceteris paribus, to explain the choice of the each way gamble over the single win gamble is , in general, invalid
A TEST OF UNBIASEDNESS AND SPORTS BOOK PROFITS IN THE NFL POINT SPREAD BETTING MARKET USING CIRCADIAN ADVANTAGE
No full textMedical research shows that the human body typically performs at its best during late afternoon hours, and that the results of National Football League (NFL) games can partly be explained by differences in these levels of performance, coined the circadian advantage, when teams based in different time zones play against each other. This paper uses an augmented version of Dare and Holland’s (2004) generalized model to provide evidence that a circadian advantage bias exists in the NFL betting market. Detailed betting data used here supports results from Levitt (2004) and Paul and Weinbach (2007) by showing that sports books make use of the bias by setting odds that bait bettors who are unaware of the circadian advantage into making what tends to be a losing wager on the disadvantaged team
THE BRAVE NEW TERRITORY OF GAY PARENTING
Get PDFMany couples in same-sex relationships are as enthusiastic in their desire to become parents as those who are in heterosexual relationships. Adoption, surrogacy, sperm donation, have all enabled same-sex couples to achieve their parental ambitions and create families. For the most part, they have done so without any interference by, or involvement with, the biological parents after the birth of their children.Whilst the majority of lesbian parents tend to use sperm which has been obtained from an anonymous donor, some women have shown a preference to use a sperm donor who is known to them to become the biological father of their children.This may be because they want to know the background, personality and medical history of a potential father before embarking on the procreative process. In some cases, it may also be because some women want their children to have a male role model in their life. Using a known sperm donor can, however, involve risks for would-be-mothers if, contrary to the father’s wishes, they do not want him to play a significant role in the child’s life. Their dreams of creating an autonomous nuclear family may be destroyed and replaced with a new form of extended family, consisting of three or even four parents if the biological father has a partner. The tale recounted in the Appeal Court judgment in A v B and C (Lesbian co-parents: role of father) (2012) is a cautionary one for lesbian would-be-parents and one of hope for potential biological fathers who are known to them. The Court of Appeal emphasised the paramountcy of the welfare principle, contained in s1(1) of the Children Act 1989 in resolving all child contact disputes. It declined to elicit any further principles in these difficult fact specific cases and stated that the sexual orientation of the parents and their pre-conceptual agreements, or understandings, spoken or unspoken are either irrelevant (per Thorpe LJ) or relevant but not determinative (per Black LJ).* Dr Mary Welstead, CAP Fellow, Harvard Law School, Visiting Professor of Family Law, University of Buckingham.[1] Re G; Re Z (Children: Sperm Donors: Leave to Apply for Children Act Orders) [2013] 1 FLR 1334
PROTECTING PRIVATE PROPERTY IN CHINA - WHOSE PROPERTY?
Get PDFThe importance of protecting private property in China has now ascended to the same level as that of safeguarding public assets which has traditionally been a top priority for socialist nations. This article will firstly and heavily expound on the rationale behind the availability and at certain times the marginalisation of protecting private property de jure and de facto during some momentous stages in modern Chinese history. It will then touch on a lingering problem relevant to today’s Chinese society arising from the drainage of state assets, a phenomenon having occurred in the transformation process of China’s economic regimes over the most recent decades. It finally argues that while protecting the right to lawful private property is not a matter in dispute, pursuing the protection of private property shall in no way lead to the weakening of sticking to the core value of justice and egalitarianism, a key to ensuring a sound socialist institution