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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

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

The Impact of Legalized Casino Gambling on Crime

Nichols, Mark W. - 2013

We examine the impact of legalized casino gambling, including Indian casinos, on crime. Using county-level data between …

Persistent link: https://www.econbiz.de/10013084136

Does the Military Train Men to Be Violent Criminals? New Evidence from Australia's Conscription Lotteries

Siminski, Peter - 2013

Combat is the most intense form of military service, but several aspects of the training experience, which explicitly prepares people for violent warfare, are hypothesized to link service to violent crime. Using Australia's Vietnam-era conscription lotteries for identification and criminal court...

Persistent link: https://www.econbiz.de/10013087432

Race-Blind Admissions, School Segregation, and Student Outcomes : Evidence from Race-Blind Magnet School Lotteries

Cook, Jason - 2018

We know surprisingly little about the influence of race-blind school admissions on student outcomes. This paper studies a unique reform where a large, urban school district was federally mandated to adopt a race-blind lottery system to fill seats in its oversubscribed magnet schools. The...

Persistent link: https://www.econbiz.de/10012907841

The Long-Term Impacts of International Migration : Evidence from a Lottery

Gibson, John - 2015

We examine the long-term impacts of international migration by comparing immigrants who had successful ballot entries in a migration lottery program, and first moved almost a decade ago, with people who had unsuccessful entries into those same ballots. The long-term gain in income is found to be...

Persistent link: https://www.econbiz.de/10013012021

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