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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 impact of legalized casino gambling on crime
Nichols, Mark W.; Tosun, Mehmet Serkan - 2013
We examine the impact of legalized casino gambling, including Indian casinos, on crime. Using county-level data between … correlated. -- casino gambling ; crime …
Persistent link: https://www.econbiz.de/10009727724
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Savings and prize-linked savings accounts
Atalay, Kadir; Bakhtiar, Fayzan; Cheung, Stephen L.; … - 2012
Many households have insufficient savings to handle moderate and routine consumption shocks. Many of these financially fragile households also have the highest lottery expenditures as a proportion of income. This combination suggests that Prize-Linked Savings (PLS) accounts, that combine...
Persistent link: https://www.econbiz.de/10009631456
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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
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American Indian casinos and Native American self-identification
Antman, Francisca M.; Duncan, Brian - 2023
This paper links Native American racial self-identification with the rise in tribal gaming across the United States. We find that state policy changes allowing tribes to open casinos are associated with an increase in the probability that individuals with American Indian ancestors will...
Persistent link: https://www.econbiz.de/10013499366
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Returns to international migration: evidence from a Bangladesh-Malaysia visa lottery
Mobarak, Ahmed Mushfiq; Sharif, Iffath A.; Shrestha, … - 2021
We follow 3,512 (of 1.4 million) applicants to a government lottery that randomly allocated visas to Bangladeshis for low-skilled, temporary labor contracts in Malaysia. Most lottery winners migrate, and their remittance substantially raises their family's standard of living in Bangladesh. The...
Persistent link: https://www.econbiz.de/10012493791
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Green cities? : urbanization, trade and the environment
Borck, Rainald; Pflüger, Michael - 2015
This paper establishes a simple theoretical framework which comprises key forces that shape the structure and interrelation of cities to study the interdependencies between urban evolution and the environment. We focus on the potential of the unfettered market forces to economize on emissions. A...
Persistent link: https://www.econbiz.de/10011283185
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A review of the circular economy and its implementation
Heshmati, Almas - 2015
Circular economy (CE) is a sustainable development strategy that is being proposed to tackle urgent problems of environmental degradation and resource scarcity. CE's 3R principles are to reduce, reuse and recycle materials. The principles account for a circular system where all materials are...
Persistent link: https://www.econbiz.de/10011449209
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Trade policy uncertainty, offshoring, and the environment : evidence from US manufacturing establishments
Choi, Jaerim; Hyun, Jay; Kim, Gueyon; Park, Ziho - 2023
We study long-run environmental impacts of trade liberalization on US manufacturing by exploiting a plausibly exogenous reduction in US trade policy uncertainty: the conferral of Permanent Normal Trade Relations (PNTR) to China. Using detailed data on establishment-level pollution emissions and...
Persistent link: https://www.econbiz.de/10013540780