Lottery and raffle mechanisms have a long history as economic institutions for raising funds. In a series of laboratory experiments we find that total spending in raffles is much higher than Nash equilibrium predicts. Moreover, this overspending is persistent as the number of participants in the...

. . .

In this paper, Efficient Importance Sampling (EIS) is used to perform a classical and Bayesian analysis of univariate and multivariate Stochastic Volatility (SV) models for financial return series. EIS provides a highly generic and very accurate procedure for the Monte Carlo (MC) evaluation of...

It is well-documented that children whose parents divorced experience worse outcomes than children from two-parent families. However, data and methodological limitations have made it difficult to know whether declines were evident prior to the divorce or whether the declines were due to the...