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Skewness preferences : evidence from online poker

Dertwinkel-Kalt, Markus; Kasinger, Johannes; Schneider, … - 2024

We test for skewness preferences in a large set of observational panel data on online poker games (n=4,450,585). Each observation refers to a choice between a safe option and a binary risk of winning or losing the game. Our setting offers a real-world choice situation with substantial incentives...

Persistent link: https://www.econbiz.de/10014486803

Quantifying lottery choice complexity

Enke, Benjamin; Shubatt, Cassidy - 2023

We develop interpretable, quantitative indices of the objective and subjective complexity of lottery choice problems that can be computed for any standard dataset. These indices capture the predicted error rate in identifying the lottery with the highest expected value, where the predictions are...

Persistent link: https://www.econbiz.de/10014340230

Explaining the favorite-longshot bias : is it risk-love or misperceptions?

Snowberg, Eric; Wolfers, Justin - 2010

The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning - longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...

Persistent link: https://www.econbiz.de/10003965888

Risk aversion and the subjective time discount rate : a joint approach

Praag, Bernard M. S. van; Booij, Adam S. - 2003

In this paper we analyze a large sample of individual responses to six lottery questions. We derive a simultaneous estimate of risk aversion and the time preference discount rate per individual. This can be done because the consumption of a large prize is smoothed over a larger time period. It...

Persistent link: https://www.econbiz.de/10011507761

Willingness-to-pay and willingness-to-accept are probably less correlated than you think

Chapman, Jonathan; Ortoleva, Pietro; Snowberg, Erik; … - 2017

Willingness to pay (WTP) and willingness to accept (WTA) a monetary amount for a lottery should be closely related. In data from an incentivized survey of a representative sample of 3,000 U.S. adults, we find that WTA and WTP for a lottery are, at best, weakly correlated. Across all respondents,...

Persistent link: https://www.econbiz.de/10011658031

How residence permits affect the labor market attachment of foreign workers : evidence from a migration lottery in Liechtenstein

Buechel, Berno; Gangl, Selina; Huber, Martin - 2021

We analyze the impact of obtaining a residence permit on foreign workers' labor market and residential attachment. To overcome the usually severe selection issues, we exploit a unique migration lottery that randomly assigns access to residence permits for workers with an employment contract in...

Persistent link: https://www.econbiz.de/10012668018

Vaccination lottery

Kim, Duk Gyoo - 2021

Ohio announced a Vax-a-Million Lottery in May 2021 to encourage people vaccinated. If people may avoid vaccination because (1) they worry about rare but critical side effects or (2) they want to free ride on herd immunity, the vaccination lottery may work better or worse than a lump-sum transfer...

Persistent link: https://www.econbiz.de/10012600128

Overcoming time inconsistency with a matched bet : etheory and evidence from exercising

Woerner, Andrej - 2021

both sophisticated and naive procrastinators to reduce time-inconsistent behavior. A field experiment on exercising …

Persistent link: https://www.econbiz.de/10012797036

Round-robin tournaments in the lab : lottery contests vs. all-pay auctions

Lauber, Arne; March, Christoph; Sahm, Marco - 2025

We conduct a laboratory experiment to compare the fairness and intensity of round-robin tournaments with three …

Persistent link: https://www.econbiz.de/10015202740

Using spatial distribution of outlets to estimate gambling incidence

Dahan, Momi - 2017

The paper proposes a simple and innovative methodology for measuring the incidence of gambling expenditure in countries … merging data on the geographical location of gambling outlets, together with residents' socio-economic and demographic … results and yields a measure of -0.42, which implies that the implicit tax associated with gambling is highly regressive. …

Persistent link: https://www.econbiz.de/10011700247