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Cognitive Imprecision and Small-Stakes Risk Aversion

Khaw, Mel - 2018

observe in a laboratory experiment …

Persistent link: https://www.econbiz.de/10012911706

The Effect of School Choice on Student Outcomes : Evidence from Randomized Lotteries

Cullen, Julie Berry; Jacob, Brian Aaron; Levitt, Steven D. - 2021

School choice has become an increasingly prominent strategy for urban school districts seeking to enhance academic achievement. Evaluating the impact of such programs is complicated by the fact that a highly select sample of students takes advantage of these programs. To overcome this...

Persistent link: https://www.econbiz.de/10013246521

Is Lottery Gambling Addictive?

Guryan, Jonathan - 2010

We present an empirical test for the addictiveness of lottery gambling. To distinguish state dependence from serial … correlation, we exploit an exogenous shock to local market consumption of lottery gambling. We use the sale of a winning ticket in … addictiveness in lottery gambling. They also highlight the potential effectiveness of innovations and advertising campaigns designed …

Persistent link: https://www.econbiz.de/10012757851

Research Design Meets Market Design : Using Centralized Assignment for Impact Evaluation

Abdulkadiroglu, Atila - 2015

A growing number of school districts use centralized assignment mechanisms to allocate school seats in a manner that reflects student preferences and school priorities. Many of these assignment schemes use lotteries to ration seats when schools are oversubscribed. The resulting random assignment...

Persistent link: https://www.econbiz.de/10013012380

Do Lottery Payments Induce Savings Behavior : Evidence from the Lab

Filiz-Ozbay, Emel - 2013

This paper presents the results of a laboratory experiment designed to investigate whether the option of a Prize Linked … men, self-reported lottery players, and subjects with low bank account balances. We use the results of our experiment to …

Persistent link: https://www.econbiz.de/10013080409

Explaining the Favorite-Longshot Bias : Is it Risk-Love or Misperceptions?

Snowberg, Erik - 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/10013144509

The Effects of High-Skilled Immigration Policy on Firms : Evidence from H-1b Visa Lotteries

Doran, Kirk - 2015

We study the effect of a firm winning an additional H-1B visa on the firm's outcomes, by comparing winning and losing firms in the Fiscal Year 2006 and 2007 H-1B visa lotteries. We match administrative data on the participants in these lotteries to the universe of approved U.S. patents, and to...

Persistent link: https://www.econbiz.de/10013031900

Salience Theory of Choice Under Risk

Bordalo, Pedro - 2015

We present a theory of choice among lotteries in which the decision maker's attention is drawn to (precisely defined) salient payoffs. This leads the decision maker to a context-dependent representation of lotteries in which true probabilities are replaced by decision weights distorted in favor...

Persistent link: https://www.econbiz.de/10013038557

Charters Without Lotteries : Testing Takeovers in New Orleans and Boston

Abdulkadiroglu, Atila - 2014

Lottery estimates suggest oversubscribed urban charter schools boost student achievement markedly. But these estimates needn't capture treatment effects for students who haven't applied to charter schools or for students attending charters for which demand is weak. This paper reports estimates...

Persistent link: https://www.econbiz.de/10013039631

The Demand for Lottery Products

Clotfelter, Charles T.; Cook, Philip J. - 2021

Lotteries constitute one of the fastest-growing categories of consumer expenditure in the United States. Not only have an increasing number of states legalized state lotteries, but the per capita expenditures on lotteries in lottery states have increased at an annual rate of 13 percent after...

Persistent link: https://www.econbiz.de/10013220949