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Peer effects in employment status : evidence from housing lotteries for forced evacuees in Fukushima
Kondo, Ayako; Shoji, Masahiro - 2016
Does a high peer employment rate increase individual employment probability? We exploit the random assignment of temporary housing to evacuees from the Fukushima Daiichi nuclear power plant accident to identify the effect of neighbors' employment rates on an individual's probability of finding a...
Persistent link: https://www.econbiz.de/10011452141
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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 complementary effect of income on social ties. The opposite...
Persistent link: https://www.econbiz.de/10012582283
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Brothers in arms : spillovers from a draft lottery
Bingley, Paul; Lundborg, Petter; Lyk-Jensen, Stéphanie … - 2017
Family members tend to have similar labor market outcomes, but measuring the contribution of behavioral spillovers is difficult. To identify spillovers between brothers, we exploit Denmark's largest random assignment - of young men to 8 months of military service - where service status of...
Persistent link: https://www.econbiz.de/10011596174
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Gambling habits and probability judgements in a Bayesian task environment
Dickinson, David L.; Reid, Parker - 2023
information sources. Exploratory analysis, however, revealed interesting effects related to self-reported gambling frequency …-reported gambling frequency was stronger for females. Decision modeling found a decreased weight placed on new evidence (over base rate … frequency of gambling to worse performance in the critical probability assessment skills that should benefit gambling success (i …
Persistent link: https://www.econbiz.de/10014311967
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Money and mental wellbeing : a longitudinal study of medium-sized lottery wins
Gardner, Jonathan (contributor);  … - 2006
One of the famous questions in social science is whether money makes people happy. We offer new evidence by using longitudinal data on a random sample of Britons who receive medium-sized lottery wins of between Đ1000 and Đ120,000 (that is, up to approximately U.S. $200,000). When compared to...
Persistent link: https://www.econbiz.de/10003355562
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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
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Winning big but feeling no better? : the effect of lottery prizes on physical and mental health
Apouey, Bénédicte; Clark, Andrew E. - 2010
We use British panel data to determine the exogenous impact of income on a number of individual health outcomes: general health status, mental health, physical health problems, and health behaviors (drinking and smoking). Lottery winnings allow us to make causal statements regarding the effect...
Persistent link: https://www.econbiz.de/10003937887
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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
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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 … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … household level. While both the incidence and amount of gambling vary according to household income, the positive association …
Persistent link: https://www.econbiz.de/10003942188
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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 with the life-cycle hypothesis, the effects on winners’...
Persistent link: https://www.econbiz.de/10003965650