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The market for sports gambling is structured very differently than the typical financial market. In sports betting …
Persistent link: https://www.econbiz.de/10012469281
School choice has become an increasingly prominent strategy for urban school districts seeking to enhance academic achievement. Evaluating the impact of such programs is complicated by the fact that a highly select sample of students takes advantage of these programs. To overcome this...
Persistent link: https://www.econbiz.de/10012468581
observe in a laboratory experiment …
Persistent link: https://www.econbiz.de/10012480631
A growing number of school districts use centralized assignment mechanisms to allocate school seats in a manner that reflects student preferences and school priorities. Many of these assignment schemes use lotteries to ration seats when schools are oversubscribed. The resulting random assignment...
Persistent link: https://www.econbiz.de/10012456965
This paper presents the results of a laboratory experiment designed to investigate whether the option of a Prize Linked … men, self-reported lottery players, and subjects with low bank account balances. We use the results of our experiment to …
Persistent link: https://www.econbiz.de/10012459532
The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning--longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...
Persistent link: https://www.econbiz.de/10012462728
We present an empirical test for the addictiveness of lottery gambling. To distinguish state dependence from serial … correlation, we exploit an exogenous shock to local market consumption of lottery gambling. We use the sale of a winning ticket in … addictiveness in lottery gambling. They also highlight the potential effectiveness of innovations and advertising campaigns designed …
Persistent link: https://www.econbiz.de/10012463905
. We focus on regret theory and the use of "regret lotteries" for motivating behavior change. Here, findings from one …
Persistent link: https://www.econbiz.de/10014635722
We investigate the impact of financial windfalls on household portfolio choices and risk exposure. Exploiting the randomized assignment of lottery prizes in three Swedish lotteries, we find a windfall gain of $100K leads to a 5-percentage-point decrease in the risky share of household...
Persistent link: https://www.econbiz.de/10014436995
not displace other gambling or consumption but significantly reduces savings, as risky bets crowd out positive expected …
Persistent link: https://www.econbiz.de/10015145059