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Explaining the favorite-longshot bias : is it risk-love or misperceptions?
Snowberg, Eric; Wolfers, Justin - 2010
misperceptions of probability drive the favorite-longshot bias, as suggested by Prospect Theory. -- pricing under risk ; probability …The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates … ; weighting ; compound lotteries ; favourite-longshot bias …
Persistent link: https://www.econbiz.de/10003965888
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News sources and media bias
Garcia-Pires, Armando J.; Kind, Hans Jarle; Sørgard, Lars - 2012
, this channel for supply-driven media bias has not previously been analyzed in economics literature. We model the … provide to a media firm. Strategic interactions between these agents may have a significant impact on the level of media bias … made available to the audience. -- news sources ; media bias ; informal contracts …
Persistent link: https://www.econbiz.de/10009580771
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Complexity and hyperbolic discounting
Enke, Benjamin; Graeber, Thomas Wilhelm; Oprea, Ryan - 2023
present bias are (not) confounded by complexity. …
Persistent link: https://www.econbiz.de/10014447758
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Quantifying lottery choice complexity
Enke, Benjamin; Shubatt, Cassidy - 2023
We develop interpretable, quantitative indices of the objective and subjective complexity of lottery choice problems that can be computed for any standard dataset. These indices capture the predicted error rate in identifying the lottery with the highest expected value, where the predictions are...
Persistent link: https://www.econbiz.de/10014340230
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Does economic policy uncertainty encourage gambling? : evidence from the Chinese welfare lottery market
Xu, Can; Steiner, Andreas; Haan, Jakob de - 2023
This paper investigates the effect of economic policy uncertainty (EPU) on gambling activity in China. Based on a … data on lottery sales in Chinese provinces to estimate the short- and long-run effect of EPU on gambling. Our results … suggest that EPU has a significant positive effect on gambling in the short run. In addition, we find that this positive …
Persistent link: https://www.econbiz.de/10013503360
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Benefit-cost analysis of environmental projects : a plethora of systematic biases
Graves, Philip E. - 2010
based on proper science. The present paper explores sources of bias in the methods used to evaluate environmental policy in …
Persistent link: https://www.econbiz.de/10003997569
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Compliance technology and self-enforcing agreements
Harstad, Bård; Lancia, Francesco; Russo, Alessia - 2015
We analyze a repeated game in which countries are polluting as well as investing in technologies. While folk theorems point out that the first best can be sustained as a subgame-perfect equilibrium when the players are sufficiently patient, we derive the second best equilibrium when they are...
Persistent link: https://www.econbiz.de/10011350155
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Streaming platform and strategic recommendation bias
Bourreau, Marc; Gaudin, Germain - 2018
We consider a streaming platform which carries content from various upstream content providers. Participating customers face personalized recommendations from the platform and consume a mix of content originating from each provider. We analyze when the platform uses its personalized...
Persistent link: https://www.econbiz.de/10011941246
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Partial tax coordination in a repeated game setting
Itaya, Jun-ichi; Okamura, Makoto; Yamaguchi, Chikara - 2010
This paper addresses the problem of partial tax coordination among regional or national sovereign governments in a repeated game setting. We show that partial tax coordination is more likely to prevail if the number of regions in a coalition subgroup is smaller and the number of existing regions...
Persistent link: https://www.econbiz.de/10003994121
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Partial harmonization of corporate taxes in an asymmetric repeated game setting
Itaya, Jun-ichi; Okamura, Makoto; Yamaguchi, Chikara - 2010
This paper investigates the conditions under which partial harmonization for capital taxation is sustained in a repeated interactions model of tax competition when there are three heterogenous countries with respect to their capital endowments. We show that regardless of the structure of the...
Persistent link: https://www.econbiz.de/10008732333