Frey, Bruno S; Savage, David A; Torgler, Benno - Law, Economics and Institutions, Boalt School of Law - 2009
The sinking of the Titanic in April 1912 took the lives of 68 percent of the people aboard. Who survived? It was women and children who had a higher probability of being saved, not men. Likewise, people traveling in first class had a better chance of survival than those in second and third...