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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

Parental resources and college attendance: evidence from lottery wins

Bulman, George; Fairlie, Robert W.; Goodman, Sarena; … - 2020

We examine U.S. children whose parents won the lottery to trace out the effect of financial resources on college attendance. The analysis leverages federal tax and financial aid records and substantial variation in win size and timing. While per-dollar effects are modest, the relationship is...

Persistent link: https://www.econbiz.de/10012322390

Lotteries vs. all-pay auctions in fair and biased contests

Epstein, Gil S.; Mealem, Yosef; Nitsan, Shemuʾel - 2012

The form of contests for a single fixed prize can be determined by a designer who maximizes the contestants' efforts. This paper establishes that, under common knowledge of the two asymmetric contestants' prize valuations, a fair Tullock-type endogenously determined lottery is always superior to...

Persistent link: https://www.econbiz.de/10009675128

Buying lottery tickets for foreign workers: search cost externalities induced by H-1B policy

Sharma, Rishi R.; Sparber, Chad - 2020

The H-1B program allows firms in the United States to temporarily hire high-skilled foreign citizens. H-1B workers are highly concentrated among a small number of firms. We develop a theoretical model demonstrating that this phenomenon is an artifact of policy design: When the government...

Persistent link: https://www.econbiz.de/10012316916

Career lotto : labor supply in winner-take-all markets

Grove, Wayne A.; Jetter, Michael; Papps, Kerry L. - 2018

Are people prone to selecting occupations with highly skewed income distributions despite minuscule chances of success? Assembling a comprehensive pool of potential teenage entrants into professional tennis (a typical winner-take-all market), we construct objective measures of relative ability...

Persistent link: https://www.econbiz.de/10011955395

Family ownership, workplace closure and the recession

Bryson, Alex; Dale-Olsen, Harald; Gulbrandsen, Trygve - 2016

Using nationally representative Norwegian data we show family-owned workplaces are less likely to close than observationally similar non-family-owned workplaces. But this changed during the Crisis when the family businesses' closure hazard soared. This hike in 2009 was not related to performance...

Persistent link: https://www.econbiz.de/10011457366

Regulatory barriers and entry in developing economies

Bennett, John (contributor); Estrin, Saul (contributor) - 2006

We model entry by entrepreneurs into new markets in developing economies with regulatory barriers in the form of licence fees and bureaucratic delay. Because laissez faire leads to 'excessive' entry, a licence fee can increase welfare by discouraging entry. However, in the presence of a licence...

Persistent link: https://www.econbiz.de/10003328066

Employment protection, product market regulation and firm selection

Koeniger, Winfried (contributor); Prat, Julien (contributor) - 2006

This paper analyzes the effect of labor and product market regulation in a dynamic stochastic equilibrium with search frictions. Modeling multiple-worker firms allows us to distinguish between the exit-and-entry (extensive) margin, and the hiring-and-firing (intensive) margin. We characterize...

Persistent link: https://www.econbiz.de/10003278939

Subsidizing firm entry in open economies

Pflüger, Michael; Südekum, Jens - 2009

Entrepreneurs who decide to enter an industry are faced with different levels of effective entry costs in different countries. These costs are heavily influenced by economic policy. What is not well understood is how international trade affects the government incentive to impact on entry costs,...

Persistent link: https://www.econbiz.de/10003894876

Product market regulation, firm selection and unemployment

Felbermayr, Gabriel (contributor); Prat, Julien (contributor) - 2007

This paper analyzes the effect of Product Market Regulation (PMR) on unemployment in a search model with heterogeneous multiple-worker firms. In our setup, PMR modifies the distribution of firm productivities, thereby affecting the equilibrium rate of unemployment. We distinguish between PMR...

Persistent link: https://www.econbiz.de/10003585349

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