The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates … misperceptions of probability drive the favorite-longshot bias, as suggested by Prospect Theory …

survey. Even if nonresponse is random, severe bias attaches to wage equation coefficient estimates on attributes not matched …

currently employed in the literature might not eliminate bias arising from life-cycle effects. Specifically, I demonstrate that …

. The most severe problem is selection bias as a result of selective sorting into neighbourhoods. This paper argues that in … (selection bias) are also critical to fully understand the neighbourhood context itself. It is thus remarkable that residential …

supervisor and the worker. We find that not all the supervisors, but at least one third of them bias their report. Both selfish …

growth bias, has been linked to household financial decision making. We show that exponential growth bias and standard … bias and household finance without adequate controls for financial literacy may generate biased results …

-cycle bias if the snapshots cannot mimic lifetime outcomes. Using uniquely long series of Swedish income data, we show that … current empirical strategies do not eliminate such bias. We focus on the widely adopted generalized errors-in-variables model … and find that the remaining bias is substantial (20% of the true elasticity from left-side measurement error at the most …