Outcome bias is pervasive and persistent across different environments. In our noisy gift-exchange game, where agents can perform a real effort task to improve principals' lottery win probability, we replicate outcome bias in effort rewarding when effort is only numerically observable. To...

This paper explores the racial differences in politicians’ persistence in elections. Empirical data from California city council elections and a close election regression dis- continuity design (CERDD) suggest that losing an election causes 70% attrition in rerunning for office. After a loss,...