Data on contestants' choices in Italian Game Show Affari Tuoi are analysed in a way that separates the effect of risk attitude (preferences) from that of beliefs concerning the amount of money that will be offered to contestants in future rounds. The most important issue addressed in the paper...

This paper examines the allocative efficiency of two popular non-price allocation mechanisms - the lottery (random allocation) and the waiting-line auction (queue system) - for the cases where consumers possess identical time costs (the homogeneous case), and where time costs are correlated with...