English, Article, Journal or magazine article edition: Stata and the One-Armed Bandit Martin Weiss

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Bookmark: http://trove.nla.gov.au/version/176218
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Stata and the One-Armed Bandit
Author
  • Martin Weiss
Physical Description
  • preprint
Notes
  • I research the market efficiency of the German 6/​49 parimutuel lottery game using Stata. To this end, I investigate the existence of profit opportunities for particularly unpopular combinations of numbers (Papachristou and Karamanis (1998)), employing the covariates proposed by Henze and Riedwyl (1998). Furthermore, I examine the time series behavior of stakes bet in relation to the size of the jackpot in the respective draw. In particular, I attempt to verify the conjecture that the skewness of the payoff distribution drives bettors' appetite for participation (Golec and Tamarkin (1998)). Along the way, I show how one can set up Stata to retrieve data from the internet, unpack them automatically and shape them for the analysis. I also show how one can schedule tasks to automate the process further.
  • RePEc:boc:fsug08:6
Language
  • English
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