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Why Do People Pay for Useless Advice? Implications of Gambler's and Hot-Hand Fallacies in False-Expert Setting

Powdthavee, Nattavudh; Riyanto, Yohanes E. - Institute for the Study of Labor (IZA) - 2012

We investigated experimentally whether people can be induced to believe in a non-existent expert, and subsequently pay for what can only be described as transparently useless advice about future chance events. Consistent with the theoretical predictions made by Rabin (2002) and Rabin and Vayanos...

Persistent link: https://www.econbiz.de/10011279343

Genes, Legitimacy and Hypergamy: Another Look at the Economics of Marriage

Saint-Paul, Gilles - Institute for the Study of Labor (IZA) - 2009

In order to credibly "sell" legitimate children to their spouse, women must forego more attractive mating opportunities. This paper derives the implications of this observation for the pattern of matching in marriage markets, the dynamics of human capital accumulation, and the evolution of the...

Persistent link: https://www.econbiz.de/10008565196

To Be or Not to Be... a Scientist?

Chevalier, Arnaud - Institute for the Study of Labor (IZA) - 2012

scientific occupations. Using a survey of recent British graduates from Higher Education we report that fewer than 50% of science … graduates work in a scientific occupation three years after graduation. The wage premium observed for science graduates stems … from occupational choice rather than a science degree. Accounting for selection into subject and occupation, the returns to …

Persistent link: https://www.econbiz.de/10009649827

Religion and Innovation

Benabou, Roland; Ticchi, Davide; Vindigni, Andrea - Institute for the Study of Labor (IZA) - 2015

, broadly defined (e.g., attitudes toward science and technology, new versus old ideas, change, risk taking, personal agency …

Persistent link: https://www.econbiz.de/10011265295

Oswald, Andrew J. - Institute for the Study of Labor (IZA) - 2009

well spent. Is there an objective way to assess the quality of a nation's world-leading science? I attempt to suggest a …

Persistent link: https://www.econbiz.de/10005002824

The Elite Brain Drain

Hunter, Rosalind S.; Oswald, Andrew J.; Charlton, Bruce G. - Institute for the Study of Labor (IZA) - 2009

We collect data on the movement and productivity of elite scientists. Their mobility is remarkable: nearly half of the world's most-cited physicists work outside their country of birth. We show they migrate systematically towards nations with large R&D spending. Our study cannot adjudicate on...

Persistent link: https://www.econbiz.de/10005004552

Can We Test for Bias in Scientific Peer-Review?

Oswald, Andrew J. - Institute for the Study of Labor (IZA) - 2008

Science rests upon the reliability of peer review. This paper suggests a way to test for bias. It is able to avoid the …

Persistent link: https://www.econbiz.de/10005703672