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We show how cheating in illegal gambling can be sustained in equilibrium, even when gamblers are aware of it. Not only is cheating profit-maximizing for operators, but it can also be utility-maximizing if it provides gamblers the opportunity to engage in other related activities that generate...
Persistent link: https://www.econbiz.de/10008991995
Exposure to prenatal androgens affects both future behavior and life choices. However, there is still relatively limited evidence on its effects on academic performance. Moreover, the predicted effect of exposure to prenatal testosterone (T) - which is inversely correlated with the relative...
Persistent link: https://www.econbiz.de/10009490674
It is now well established that highly developed countries tend to score well on measures of social capital and have higher levels of generalized trust. In turn, the willingness to trust has been shown to be correlated with various social and environmental factors (e.g. institutions, culture) on...
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This essay examines the question of why elites within pre-modern or natural sates, who earn economic rents and other forms of political privilege from the status quo, ever consent to reform that would threaten their dominance within the political economic order. The paper examines this question...
Persistent link: https://www.econbiz.de/10013113919
The growth of the 17th century French state contributed to the establishment to a more regular, and even liberal legal order. Higher fiscal demands on the state led to a process of legal standardization that extended the rule of law. We use data on witch trials and taxation covering twenty-one...
Persistent link: https://www.econbiz.de/10013113949
It is now well established that highly developed countries tend to score well on measures of social capital and have higher levels of generalized trust. In turn, the willingness to trust has been shown to be correlated with various social and environmental factors (e.g. institutions, culture) on...
Persistent link: https://www.econbiz.de/10013098406