The University of Buckingham Press Journals
Not a member yet
1038 research outputs found
Sort by
SIMPLIFYING MARKET ACCESS: A NEW CONFIDENCE-BASED INTERFACE
No full textMarkets are a strong instrument for aggregating dispersed information, yet there are flaws. Markets are too complex for some users, they fail to capture massive amounts of their users’ relevant information, and they suffer from some individual-level biases. Based on recent research in polling environments, we design a new market interface that captures both a participant’s point estimate and confidence. The new interface lowers the barrier to entry, asks market’s implicit question more directly, and helps reduce known biases. We further utilize a novel market rule that supplements the interface with its simplicity. Thus, we find that market participants using our new interface: provide meaningful information and are more likely to submit profitable orders than using a standard market interface
Employee Discipline and Basketball Referees: A Prediction Market Approach
No full textGiven confidentiality issues and the proprietary nature of the underlying data, outsiders rarely have the opportunity to test the impetus, impact, and efficacy of employee discipline in the workplace. However, the transparency of NBA basketball officiating allows for such an inquiry, as long-time referee Joey Crawford was involved in a much-publicized 2007 on-court incident with Tim Duncan of the San Antonio Spurs that resulted in a lengthy suspension. Shortly after the suspension, Duncan spoke of Crawford’s “personal vendetta” against him and expressed hope that he and his team would “get a fair shake” and avoid any “backlash” from other referees. Using a prediction market approach, this paper analyzes the interaction between Crawford (and other referees) and the Spurs team and reveals that Duncan’s concerns were illusory in 2007 and remain spurious (pun intended) today. In the course of analyzing every Spurs game (N = 1038) over the course of eleven seasons, neither Crawford nor any of his fellow referees exhibited any systematic bias against Duncan or his team.
Informed Choice and Gambling: Principles for Consumer Protection
No full textIt is well-established that problem gambling results, in part, from erroneous perceptions about the probability of winning. While individuals retain the ultimate responsibility over gambling choices and level of participation, optimal decision-making depends, among other factors, on the availability of reliable, comprehensive information. From a public health perspective, the gaming industry, in collaboration with government and the community, must ensure that individuals receive sufficient information to enable them to make responsible gambling choices. This paper reviews key decision-making models and posits four primary goals that will lead to optimal choices in gambling: (a) the provision of relevant and objective information; (b) elucidation of the benefits of responsible gambling as well as potential social and personal costs of excessive gambling; (c) additional materials targeted to specific gambling subgroups; and (d) the use of a variety of communication mediums to disseminate materials. Implications for further research and public information campaigns are discussed
INFORMATION EFFECTS AND NATIONAL HOCKEY LEAGUE BETTING MARKET EFFICIENCY
No full textPrevious studies of the National Hockey League (NHL) betting market claim a general movement towards efficiency over the last two decades. These studies, however, assume a homogenous betting market with regards to the time of year in which bets are placed. Differences in available information—information effects—have been shown to distort the Major League Baseball betting market; they produce similar distortions when considered in the NHL market as well. As such, previous claims of market efficiency must be revisited in light of heterogeneous information
FACTORS THAT INFLUENCE THE LEVEL OF PROBLEM GAMBLING: A MACAO CASE
No full textThis study has two purposes. First, we aim to identify the demography factors, namely gender, marital status, educational level, age, monthly income, and cognitive factor, namely casino-related job and emotional intelligence are predictive of problem gambling. Second, we propose and test whether perceived control of time over work moderates the relationship between emotional intelligence and level of problem gambling. Data are randomly collected from 310 respondents in Macao. Results of logistic regression showed that respondents who are male, married, have a low educational level, low emotional intelligence, high monthly income, and have a casino-related job have a higher tendency of becoming problem gamblers. In addition, results of moderated regression indicated that the negative relationship between emotional intelligence and level of problem gambling is found more negative when the employees’ perceived control of time over work is low. The implications of the findings are discussed
Searching for anchoring effects in a naturalistic environment: evidence from the Hong Kong horserace betting market
Get PDFThis paper explores the extent to which decision makers in a naturalistic environment, the Hong Kong horserace betting market, anchor their probability judgments on highly visible information and make insufficient adjustments in the light of additional data. Linear regression and conditional logit models are employed to examine the extent to which certain types of information are over-represented in market odds. The results suggest that, in contrast to much of the research on anchoring conducted in laboratories, the Hong Kong betting public do not anchor their judgements on past performances of horses, jockeys or trainers
ELLIPSIS IN THE QURANIC STORY OF JOSEPH: A TEXTUAL VIEW
Get PDFThis paper describes the phenomenon of ellipsis in the story of Joseph, analysing the original Arabic text, at the structural level from a textual viewpoint. It is limited to an examination of the role of the ellipsis as a grammatical cohesive element. The textual approach to ellipsis is new to Arabic linguistic scholarship whose focus was exclusively on the formal relations, dictated by the syntactic rules, between the elements of the sentence. Ellipsis in Arabic is a multi-faceted topic elaborated under, and diffused through, different categories of grammar and rhetoric. As to the Qur’an it has been described by both grammarians & rhetoricians. Theoretical and applied considerations of the ellipsis topic are, therefore, highly interwoven. The results show that this story made use of ellipsis, as well as other devices, in particular the concealed subject pronouns and the narrative techniques, in building up cohesiveness. Further studies, both of this story and other stories, are required to shed more light on other elements involved in the text making
THREATS OF FORCE: INTERNATIONAL LAW AND STRATEGY
Get PDFDr Francis Grimal, Routledge 2012, ISBN-13: 978-0415609852, Price £70.40 hbDr Grimal’s monograph on the law of armed conflict relating to threats of force, is a significant contribution to the literature. It ventures along one of the most perilous corridors of uncertainty in modern international law, and attempts with commendable courage to set the legal issues in the context of modern international relations. As Professor Breau writes in her Foreword, the existing literature concentrates overwhelmingly on the actual use of force, and there is little academic analysis of the meaning and significance of the threat of force in terms of the reference in article 2(4) of the United Nations Charter, to the duty of all members to ‘refrain in their international relations from the threat or use of force against the territorial integrity or political independence of any state’
FEMINIST PERSPECTIVES ON TORT LAW
Get PDFJanice Richardson and Erika Rackley (eds), Routledge 2012, ISBN 978-0415619202 Price £80.00 hbBecause it is the area of civil law with a distinctly human face, students often initially find tort law accessible; sometimes deceptively so. Early on, they are introduced to the importance of policy in the development of case law. Often this policy is not articulated, so a skill must be developed of reading between the lines, in order to discern the influence upon judicial decision-making of concerns such as those about the ‘floodgates’, or perhaps defensive practice. But additionally, both students, their teachers and users of the tort system, must be appraised that explicit assertions about ‘policy’ are premised upon much more fundamental and elusive assumptions about the way society does or should operate
BUSINESS, HUMAN RIGHTS AND CHILDREN: THE DEVELOPING INTERNATIONAL AGENDA
Get PDFThe consideration of the role of the private business sector with regards to the fulfilment of children’s rights is relatively recent. International attention on the effects of business activities have on children has been fragmented until now, focussing on specific sectors, mainly child labour and economic exploitation. Recent international developments, addressed both to states and business enterprises, propose a more comprehensive approach. This article focuses on two of them: the UNICEF-Global Compact and Save the Children Children’s Rights and Business Principles (CRB Principles), launched in May 2012, and the Committee on the Rights of the Child’s General Comment No. 16 on state obligations regarding the impact of the business sector on children’s rights, published in April 2013. Both documents represent an important step in the consolidation of an international agenda for the protection of the rights of the child that takes into account the different challenges faced by children in the current economic system