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Why do people pay for useless advice? Implications of gambler's and hot-hand fallacies in false-expert setting

Powdthavee, Nattavudh; Riyanto, Yohanes E. - 2012

We investigated experimentally whether people can be induced to believe in a non-existent expert, and subsequently pay for what can only be described as transparently useless advice about future chance events. Consistent with the theoretical predictions made by Rabin (2002) and Rabin and Vayanos...

Persistent link: https://www.econbiz.de/10010282207

Expertise and Independence on Governing Boards: Evidence from School Districts

Shi, Ying; Singleton, John D. - 2019

In this paper, we study the roles of expertise and independence on governing boards in the context of education. In …

Persistent link: https://www.econbiz.de/10012059144

Community Norms and Organizational Practices: The Legitimization of Wage Arrears in Russia, 1992-1999

Earle, John S.; Spicer, Andrew; Peter, Klara Sabirianova - 2004

What role do community norms play in the diffusion and persistence of new organizational practices? We explore this question through an examination of the widespread practice of wage arrears, the late and non-payment of wages, in Russia during the 1990s. Existing research on wage arrears most...

Persistent link: https://www.econbiz.de/10010261776

Genes, legitimacy and hypergamy: another look at the economics of marriage

Saint-Paul, Gilles - 2009

In order to credibly sell legitimate children to their spouse, women must forego more attractive mating opportunities. This paper derives the implications of this observation for the pattern of matching in marriage markets, the dynamics of human capital accumulation, and the evolution of the...

Persistent link: https://www.econbiz.de/10010271277

Religion and Innovation

Benabou, Roland; Ticchi, Davide; Vindigni, Andrea - 2015

, broadly defined (e.g., attitudes toward science and technology, new versus old ideas, change, risk taking, personal agency …

Persistent link: https://www.econbiz.de/10010531672

Can we test for bias in scientific peer-review?

Oswald, Andrew J. - 2008

Science rests upon the reliability of peer review. This paper suggests a way to test for bias. It is able to avoid the …

Persistent link: https://www.econbiz.de/10010268887

The elite brain drain

Hunter, Rosalind S.; Oswald, Andrew J.; Charlton, Bruce G. - 2009

We collect data on the movement and productivity of elite scientists. Their mobility is remarkable: nearly half of the world's most-cited physicists work outside their country of birth. We show they migrate systematically towards nations with large R&D spending. Our study cannot adjudicate on...

Persistent link: https://www.econbiz.de/10010269159

Oswald, Andrew J. - 2009

well spent. Is there an objective way to assess the quality of a nation's world-leading science? I attempt to suggest a …

Persistent link: https://www.econbiz.de/10010269637

To be or not to be... a scientist?

Chevalier, Arnaud - 2012

scientific occupations. Using a survey of recent British graduates from Higher Education we report that fewer than 50% of science … graduates work in a scientific occupation three years after graduation. The wage premium observed for science graduates stems … from occupational choice rather than a science degree. Accounting for selection into subject and occupation, the returns to …

Persistent link: https://www.econbiz.de/10010282287

Labor Market Effects of High School Science Majors in a High STEM Economy

Jain, Tarun; Mukhopadhyay, Abhiroop; Prakash, Nishith; … - 2018

This paper explores the association between studying science at the higher secondary stage and labor market earnings … show that those who studied science in high school have 22% greater earnings than those who studied business and humanities …, even after controlling for several measures of ability. These higher earnings among science students are further enhanced …

Persistent link: https://www.econbiz.de/10011984468