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dc.contributor.authorHopf, Craig George Leslie
dc.contributor.authorTularam, Gurudeo Anand
dc.date.accessioned2017-09-05T00:54:10Z
dc.date.available2017-09-05T00:54:10Z
dc.date.issued2015
dc.identifier.issn2331-1835
dc.identifier.doi10.1080/23311835.2015.1057370
dc.identifier.urihttp://hdl.handle.net/10072/134591
dc.description.abstractThis paper's primary alternative hypothesis is Ha: profitable exchange-traded horserace betting fund with deterministic payoff exists for acceptable institutional portfolio return-risk. The primary hypothesis challenges the semi-strong efficient market hypothesis applied to horse race wagering. An optimal deterministic betting model (DBM) is derived from the existing stochastic model fundamentals, mathematical pooling principles, and new theorem. The exchange-traded betting fund (ETBF) is derived from force of interest first principles. An ETBF driven by DBM processes conjointly defines the research's betting strategy. Alpha is excess return above financial benchmark, and invokes betting strategy alpha that is composed of model alpha and fund alpha. The results and analysis from statistical testing of a global stratified data sample of three hundred galloper horse races accepted at the ninety-five percent confidence-level positive betting strategy alpha, to endorse an exchange-traded horse race betting fund with deterministic payoff into financial market.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherTaylor and Francis
dc.publisher.placeAustralia
dc.relation.ispartofpagefrom1057370-1
dc.relation.ispartofpageto1057370-18
dc.relation.ispartofissue1
dc.relation.ispartofjournalCogent Mathematics
dc.relation.ispartofvolume2
dc.subject.fieldofresearchFinancial Mathematics
dc.subject.fieldofresearchOptimisation
dc.subject.fieldofresearchcode010205
dc.subject.fieldofresearchcode010303
dc.titleA mathematical analysis of an exchange-traded horse race betting fund with deterministic payoff betting strategy for institutional investment to challenge EMH
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
dcterms.licensehttp://creativecommons.org/licenses/by/4.0/
dc.description.versionVersion of Record (VoR)
gro.facultyGriffith Sciences, Griffith School of Environment
gro.rights.copyright© The Author(s) 2015. This is an Open Access article distributed under the terms of the Creative Commons Attribution 4.0 International (CC BY 4.0) License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
gro.hasfulltextFull Text
gro.griffith.authorHopf, Craig
gro.griffith.authorTularam, Gurudeo A.


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