Similar Search Results

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

Snowberg, Erik; Wolfers, Justin - 2010

The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates … misperceptions of probability drive the favorite-longshot bias, as suggested by Prospect Theory. -- Pricing under risk ; probability … weighting ; compound lotteries ; favorite-longshot bias …

Persistent link: https://www.econbiz.de/10003958768

The paradox of declining female happiness

Stevenson, Betsey; Wolfers, Justin - 2009

By many objective measures the lives of women in the United States have improved over the past 35 years, yet we show that measures of subjective well-being indicate that women's happiness has declined both absolutely and relative to men. The paradox of women's declining relative well-being is...

Persistent link: https://www.econbiz.de/10003859341

Racial discrimination among NBA referees

Price, Joseph (contributor); Wolfers, Justin (contributor) - 2007

"The NBA provides an intriguing place to test for taste-based discrimination: referees and players are involved in repeated interactions in a high-pressure setting with referees making the type of split-second decisions that might allow implicit racial biases to manifest themselves. Moreover,...

Persistent link: https://www.econbiz.de/10003513321

Marriage and divorce : changes and their driving forces

Stevenson, Betsey (contributor); Wolfers, Justin (contributor) - 2007

We document key facts about marriage and divorce, comparing trends through the past 150 years and outcomes across demographic groups and countries. While divorce rates have risen over the past 150 years, they have been falling for the past quarter century. Marriage rates have also been falling,...

Persistent link: https://www.econbiz.de/10003531721

Subjective and objective indicators of racial progress

Stevenson, Betsey; Wolfers, Justin - 2013

Progress in closing differences in many objective outcomes for blacks relative to whites has slowed, and even worsened, over the past three decades. However, over this period the racial gap in well-being has shrunk. In the early 1970s data revealed much lower levels of subjective well-being...

Persistent link: https://www.econbiz.de/10009727586

Awareness reduces racial bias

Pope, Devin G.; Price, Joseph; Wolfers, Justin - 2014

Can raising awareness of racial bias subsequently reduce that bias? We address this question by exploiting the … widespread media attention highlighting racial bias among professional basketball referees that occurred in May 2007 following … the release of an academic study. Using new data, we confirm that racial bias persisted in the years after the study …

Persistent link: https://www.econbiz.de/10010245997

Trust in public institutions over the business cycle

Stevenson, Betsey; Wolfers, Justin - 2011

We document that trust in public institutions "and particularly trust in banks, business and government" has declined over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in institutions. Cross-country comparisons reveal a clear legacy...

Persistent link: https://www.econbiz.de/10009233928

Happiness inequality in the United States

Stevenson, Betsey (contributor); Wolfers, Justin (contributor) - 2008

This paper examines how the level and dispersion of self-reported happiness has evolved over the period 1972-2006. While there has been no increase in aggregate happiness, inequality in happiness has fallen substantially since the 1970s. There have been large changes in the level of happiness...

Persistent link: https://www.econbiz.de/10003747645

Prediction markets in theory and practice

Wolfers, Justin (contributor); Zitzewitz, Eric (contributor) - 2006

Prediction Markets, sometimes referred to as "information markets", "idea futures" or "event futures", are markets where participants trade contracts whose payoffs are tied to a future event, thereby yielding prices that can be interpreted as market-aggregated forecasts. This article summarizes...

Persistent link: https://www.econbiz.de/10003289880

Partisan impacts on the economy : evidence from prediction markets and close elections

Snowberg, Erik (contributor); Wolfers, Justin (contributor); … - 2006

Political economists interested in discerning the effects of election outcomes on the economy have been hampered by the problem that economic outcomes also influence elections. We sidestep these problems by analyzing movements in economic indicators caused by clearly exogenous changes in...

Persistent link: https://www.econbiz.de/10003289884