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Why are lotteries valued less? Multiple tests of a direct risk-aversion mechanism

Newman, George E.; Mochon, Daniel - In: Judgment and Decision Making 7 (2012) 1, pp. 19-24

Recent studies have identified the uncertainty effect (UE), whereby risky prospects (e.g., a binary lottery that offers … been proposed to result from ``direct risk-aversion'' which posits that the mere uncertainty of a lottery directly … better of the two outcomes (disappointment aversion), or the mere fact that the risky prospect is referred to as a ``lottery …

Persistent link: https://www.econbiz.de/10010618030

Miserable Migrants? Natural Experiment Evidence on International Migration and Objective and Subjective Well-Being

Stillman, Steven; Gibson, John; McKenzie, David Mckenzie; … - Centre for Research and Analysis of Migration (CReAM), … - 2012

migration lottery in order to experimentally estimate the impact of migration on objective and subjective well-being. The …

Persistent link: https://www.econbiz.de/10010575135

Bidding to give in the Field: Door-to-Door Fundraisers had it right from the Start

Onderstal, Sander; Schram, Arthur J.C.; Soetevent, … - Tinbergen Institute - 2011

approached about 4500 households, each participating in either an all-pay auction, a lottery, a non-anonymous voluntary … and the lottery. Although the all-pay auction is the superior fundraising mechanism both in theory and in the laboratory … than in the anonymous VCM. Among the non-anonymous mechanisms, the lottery raises the largest revenue per household …

Persistent link: https://www.econbiz.de/10009003388

Conflicts with Multiple Battlefields

Kovenock, Dan; Roberson, Brian - Krannert School of Management, Purdue University - 2010

This paper examines conflicts in which performance is measured by the players' success or failure in multiple component conflicts, commonly termed "battlefields." In multi-battlefield conflicts, behavioral linkages across battlefields depend both on the technologies of conflict within each...

Persistent link: https://www.econbiz.de/10008614980

Is there a "pessimistic" bias in individual beliefs ? Evidence from a simple survey

Napp, Clotilde; Jouini, Elyès; Benmansour, Selima - HAL - 2006

bias toward pessimism in their beliefs, in a lottery or more generally in an investment opportunities framework. In this …

Persistent link: https://www.econbiz.de/10008788893

Conflicts with Multiple Battlefields

Dan Kovenock J.; Roberson, Brian - CESifo - 2010

This paper examines conflicts in which performance is measured by the players' success or failure in multiple component conflicts, commonly termed “battlefields”. In multi-battlefield conflicts, behavioral linkages across battlefields depend both on the technologies of conflict within each...

Persistent link: https://www.econbiz.de/10008671699

In Search of a Fair Bet in the Lottery

Matheson, Victor; Grote, Kent R. - Economics Department, Williams College - 2003

Although state-operated lotto games have the worst average expected payoffs among common games of chance, because the jackpot can accumulate, the maximum expected payoff is potentially unlimited. It is possible, therefore, that lotto can exhibit a positive expected return. This paper examines...

Persistent link: https://www.econbiz.de/10008679073

Natural Experiment Evidence on the Effect of Migration on Blood Pressure and Hypertension

Gibson, John; Stillman, Steven; McKenzie, David; … - Institute for the Study of Labor (IZA) - 2010

unsuccessful applicants to a migration lottery to experimentally estimate the impact of migration on measured blood pressure and …

Persistent link: https://www.econbiz.de/10008682958

The role of training in experimental auctions

Drichoutis, Andreas C.; Rodolfo M. Nayga, Jr.; … - Department of Agricultural Economics, Agricultural … - 2010

In this paper we examine the role of providing extensive training to subjects in the context of experimental auctions. We conducted an experiment where we auctioned several lotteries with varying payoffs. One group of subjects was extensively trained while another group of subjects was only...

Persistent link: https://www.econbiz.de/10008685231

MEDIA EXPOSURE AND INDIVIDUAL CHOICES: EVIDENCE FROM LOTTO PLAYERS

Paola, Maria De; Scoppa, Vincenzo - Dipartimento di Scienze Economiche, Statistiche e … - 2011

To what extent individual choices are influenced by media exposure? We try to provide evidence on this issue considering how the sales of lotto tickets are determined by the size of the top prize (the jackpot) compared to the amount of attention that media devote to the game. We use data on the...

Persistent link: https://www.econbiz.de/10008839257