Similar Search Results

Career Lotto : Labor Supply in Winner-Take-All Markets

Grove, Wayne A. - 2019

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/10012894561

Buying Lottery Tickets for Foreign Workers : Search Cost Externalities Induced by H-1b Policy

Sharma, Rishi; Sparber, Chad - 2021

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/10013314927

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/10014346673

Redistributive Politics and Market Efficiency : An Experimental Study

Großer, Jens - 2011

We study the interaction between competitive markets that produce large but unequally distributed welfare gains and elections through which the poor majority can redistribute income away from the rich minority. In our simple laboratory democracy, subjects first earn their income by trading in a...

Persistent link: https://www.econbiz.de/10013134222

Immigration, Family Responsibilities and the Labor Supply of Skilled Native Women

Farré, Lidia - 2009

This paper investigates the effects of Spain's large recent immigration wave on the labor supply of highly skilled native women. We hypothesize that female immigration led to an increase in the supply of affordable household services, such as housekeeping and child or elderly care. As a result,...

Persistent link: https://www.econbiz.de/10013158120

Predictability of Asset Returns and the Efficient Market Hypothesis

Pesaran, M. Hashem - 2010

This paper is concerned with empirical and theoretical basis of the Efficient Market Hypothesis (EMH). The paper begins with an overview of the statistical properties of asset returns at different frequencies (daily, weekly and monthly), and considers the evidence on return predictability, risk...

Persistent link: https://www.econbiz.de/10013141228

Student Awareness of Costs and Benefits of Educational Decisions : Effects of an Information Campaign and Media Exposure

McGuigan, Martin - 2014

University fees have recently trebled in England, prompting fears that young people may be put off from participating in higher education. We investigate students' knowledge and their receptiveness to information campaigns about the costs and benefits of staying on in education. We compare the...

Persistent link: https://www.econbiz.de/10013044415

Explaining the Favorite-Longshot Bias : Is it Risk-Love or Misperceptions?

Snowberg, Erik C. - 2011

misperceptions of probability drive the favorite-longshot bias, as suggested by Prospect Theory …

Persistent link: https://www.econbiz.de/10013133624

Lotteries vs. All-Pay Auctions in Fair and Biased Contests

Epstein, Gil S. - 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/10013096475

Why Do People Pay for Useless Advice? Implications of Gambler's and Hot-Hand Fallacies in False-Expert Setting

Powdthavee, Nattavudh - 2012

We investigated experimentally whether people can be induced to believe in a non-existent expert, and subsequently pay for what can only be described as transparently useless advice about future chance events. Consistent with the theoretical predictions made by Rabin (2002) and Rabin and Vayanos...

Persistent link: https://www.econbiz.de/10013106012

1
2
3
4
5
6
7
8
9
10
Next
Last