We consider a policy reform that would relax price controls in American pari-mutuel wagering on horse racing by examining bookie behavior in Australia’s fixed-odds gambling sector. Descriptive regressions indicate that bookmaker takeouts (the effective prices of races) vary substantially and...

Women are under-represented in many top jobs. We investigate whether biased beliefs about female ability – a form of ‘mistake-based discrimination’ – are partially responsible for this under-representation. We use more than 10 years of data on the performance of female jockeys in U.K....