In our paper, we view academia from a personnel economics perspective and analyze three important questions: (1) Who decides to become a researcher and what are the mechanisms of selection and self-selection that drive this process? (2) What makes re-searchers stay motivated and how can they be...

This paper examines whether the outcome bias harms price efficiency in betting exchange markets. In soccer, the match outcome is an unreliable performance measure, as it underestimates the high level of randomness involved in the sport. If bettors overestimate the importance of past match...