We identify an otherwise efficient market in which racial biases affect market outcomes. In particular, we examine data on point spreads for NBA games over the 15 seasons from 1993-94 to 2007-08. We find evidence that a more black team tends to face a larger point spread and that these teams...

Although there is an increasing interest in examining the relationship between cognitive ability and economic behavior, less is known about the relationship between cognitive ability and social preferences. We investigate the relationship between strongly incentivized measures of intelligence...

Using a two-stage least-squares procedure, we estimate the relationship between ethnic fragmentation and police spending using a cross-section of the US counties. Our results show that, when controlling for community characteristics and accounting for simultaneity bias, ethnic fragmentation is...