This paper presents the results of a laboratory experiment designed to investigate whether the option of a Prize Linked … men, self-reported lottery players, and subjects with low bank account balances. We use the results of our experiment to …

lotteries, based on other evidence regarding numerical cognition, and test its ability to explain the choice frequencies that we …Observed choices between risky lotteries are difficult to reconcile with expected utility maximization, both because … observe in a laboratory experiment …

. We conduct a field experiment to elicit time preferences of over 1,200 children ages 3-12, who make several intertemporal …

advantage of these programs. To overcome this difficulty, we exploit randomized lotteries that determine high school admission … benefit on a wide variety of traditional academic measures, including standardized test scores, attendance rates, course …-taking, and credit accumulation. This is true despite the fact that those students who win the lotteries attend better high …

We study procrastination in the context of a field experiment involving students who must exert costly effort to …

We present an empirical test for the addictiveness of lottery gambling. To distinguish state dependence from serial … the zip code, the location of which is random conditional on sales, as an instrument for present consumption and test for … a causal relationship between present and future consumption. This test of addiction is based on the definition of …