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We study the effect of lottery wins on social ties and support network in the United Kingdom. On average, we find that … winning more in the lottery increases the probability of meeting friends on most days, which is consistent with the … such as talking to neighbors. Winning more in the lottery also lessens an individual support network consistently with a …
Persistent link: https://www.econbiz.de/10012582283
We study the effect of lottery wins on social ties and support network in the United Kingdom. On average, we find that … winning more in the lottery increases the probability of meeting friends on most days, which is consistent with the … such as talking to neighbors. Winning more in the lottery also lessens an individual support network consistently with a …
Persistent link: https://www.econbiz.de/10012658068
We exploit lottery wins to investigate the effects of exogenous changes to individuals' income on health care demand in … the United Kingdom. This strategy allows us to estimate lottery income elasticities for a range of health care services … that are publicly and privately provided. The results indicate that lottery winners with larger wins are more likely to …
Persistent link: https://www.econbiz.de/10010498373
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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...
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lottery winners. Comparing people before and after a lottery windfall, we show that winners tend to switch towards support for …
Persistent link: https://www.econbiz.de/10010239263