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Does money strengthen our social ties? : longitudinal evidence of lottery winners

Costa-Font, Joan; Powdthavee, Nattavudh - 2021

We study the effect of lottery wins on social ties and support network in the United Kingdom. On average, we find that … winning more in the lottery increases the probability of meeting friends on most days, which is consistent with the … such as talking to neighbors. Winning more in the lottery also lessens an individual support network consistently with a …

Persistent link: https://www.econbiz.de/10012582283

Estimating the effect of income on health and mortality using lottery prizes as exogenous source of variation in income

Lindahl, Mikael - 2002

that is due to a truly exogenous factor: the monetary lottery prizes of individuals. The findings are that higher income …

Persistent link: https://www.econbiz.de/10011406688

Money and mental wellbeing : a longitudinal study of medium-sized lottery wins

Gardner, Jonathan (contributor); … - 2006

longitudinal data on a random sample of Britons who receive medium-sized lottery wins of between Đ1000 and Đ120,000 (that is, up to … individuals go on eventually to exhibit significantly better psychological health. Two years after a lottery win, the average …

Persistent link: https://www.econbiz.de/10003355562

Competing approaches to forecasting elections : economic models, opinion polling and prediction markets

Leigh, Andrew (contributor); Wolfers, Justin (contributor) - 2006

We review the efficacy of three approaches to forecasting elections: econometric models that project outcomes on the basis of the state of the economy; public opinion polls; and election betting (prediction markets). We assess the efficacy of each in light of the 2004 Australian election. This...

Persistent link: https://www.econbiz.de/10003334619

Winning big but feeling no better? : the effect of lottery prizes on physical and mental health

Apouey, Bénédicte; Clark, Andrew E. - 2010

: general health status, mental health, physical health problems, and health behaviors (drinking and smoking). Lottery winnings … that lottery winnings are also associated with more smoking and social drinking. General health will reflect both mental …

Persistent link: https://www.econbiz.de/10003937887

Explaining the favorite-longshot bias : is it risk-love or misperceptions?

Snowberg, Erik; Wolfers, Justin - 2010

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/10003958768

Gambling and the use of credit : an individual and household level analysis

Brown, Sarah; Dickerson, Andrew P.; McHardy, Jolian P.; … - 2010

We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the use of credit, at the individual and household level using representative pooled cross-section data drawn from the UK Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling...

Persistent link: https://www.econbiz.de/10003942188

The effects of lottery prizes on winners and their neighbors : evidence from the Dutch Postcode Lottery

Kuhn, Peter Joseph; Kooreman, Peter; Soetevent, Adriaan R. - 2010

Each week, the Dutch Postcode Lottery (PCL) randomly selects a postal code, and distributes cash and a new BMW to … lottery participants in that code. We study the effects of these shocks on lottery winners and their neighbors. Consistent … substantial social effects of lottery winnings: PCL nonparticipants who live next door to winners have significantly higher levels …

Persistent link: https://www.econbiz.de/10003965650

Splitting Tournaments

Leuven, Edwin; Oosterbeek, Hessel; Klaauw, Bas van der - 2010

In this paper we investigate how heterogeneous agents choose among tournaments with different prizes. We show that if the number of agents is sufficiently small, multiple equilibria can arise. Depending on how the prize money is split over the tournaments, these may include, for example, a...

Persistent link: https://www.econbiz.de/10009007838

Charters without lotteries : testing takeovers in New Orleans and Boston

Abdulkadiroğlu, Atila; Angrist, Joshua D.; Hull, Peter; … - 2015

Lottery estimates suggest oversubscribed urban charter schools boost student achievement markedly. But these estimates … District show substantial gains from takeover enrollment. In Boston, where we can compare grandfathering and lottery estimates …

Persistent link: https://www.econbiz.de/10010510717