Economists argue that rich information environments and formal enforcement of contracts are necessary to prevent market failures when information asymmetries exist. We test for the necessity of formal enforcement to overcome the problems of asymmetric information by estimating the value of...

College football fans, coaches and observers have adopted a set of beliefs about how college football poll voters behave. I document three pieces of conventional wisdom in college football regarding the timing of wins and losses, the value of playing strong opponents and the value of winning by...

There are many misconceptions about African American health that have subtle and continuing influence on health policy debates. Unfortunately, many of the misconceptions surrounding African American health have an implicit historical dimension, and the usual response for the lack of evidence in...

This paper investigates whether market makers rationally price out certain strategies at the expense of leaving other strategies profitable. We examine betting market outcomes in college football from over 14,000 games during 1985–2008. We find that favorites are statistically overpriced while...

This paper analyzes statistical issues arising from networks based on non-representative samples of the population. We first characterize the biases in both network statistics and estimates of network effects under non-random sampling theoretically and numerically. Sampled network data...

This paper explores the existence of distinctively Black names in the antebellum era. Building on recent research that documents the existence of a national naming pattern for African American males in the late nineteenth and early twentieth centuries (Cook, Logan and Parman 2014), we analyze...

This paper is the first systematic attempt to measure the existence and degree of dowry inflation in South Asia. The popular press and scholarly literature have assumed dowry inflation in South Asia for some time, and there are now a number of theoretical papers that have attempted to explain...

College football fans, coaches, and observers have adopted a set of beliefs about how college football poll voters behave. I document three pieces of conventional wisdom in college football regarding the timing of wins and losses, the value of playing strong opponents, and the value of winning...