Showing 1 - 10 of 444
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/10010271301
television game show World Poker Tour as a natural experiment. The results show that professional players strategically choose …
Persistent link: https://www.econbiz.de/10010262085
. We study in an experiment with 336 kindergarten children, aged three to six years, whether intertemporal choice behavior …
Persistent link: https://www.econbiz.de/10011345372
future by using present tense (like German). We complement Chen's approach with experimentally elicited time preference data … than Italian-speaking children to delay gratification in an intertemporal choice experiment. The difference remains …
Persistent link: https://www.econbiz.de/10011401662
One of the famous questions in social science is whether money makes people happy. We offer new evidence by using longitudinal data on a random sample of Britons who receive medium-sized lottery wins of between £1000 and £120,000 (that is, up to approximately U.S. $200,000). When compared to...
Persistent link: https://www.econbiz.de/10010326728
A vast literature has established a strong positive association of income with health status and a negative association with mortality. This paper studies the effects of income on health and mortality, using only the part of income variation that is due to a truly exogenous factor: the monetary...
Persistent link: https://www.econbiz.de/10010262805
time, vary too much to be particularly useful. Betting markets provide an interesting contrast, and a slew of data from …
Persistent link: https://www.econbiz.de/10010267283
We use British panel data to determine the exogenous impact of income on a number of individual health outcomes: general health status, mental health, physical health problems, and health behaviors (drinking and smoking). Lottery winnings allow us to make causal statements regarding the effect...
Persistent link: https://www.econbiz.de/10010269573
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/10010269869
Each week, the Dutch Postcode Lottery (PCL) randomly selects a postal code, and distributes cash and a new BMW to lottery participants in that code. We study the effects of these shocks on lottery winners and their neighbors. Consistent with the life-cycle hypothesis, the effects on winners'...
Persistent link: https://www.econbiz.de/10010269872