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The cost of conformity : How deviating from norms increases performance potential

Imbrogno, Jason P.; Parnell, John A.; Staggs, Tanner B.; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015665676

How does inside information affect sports betting odds?

Whelan, Karl - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015473956

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How does inside information affect sports betting odds?

Whelan, Karl - 2023

Book / Working Paper

How does inside information affect sports betting odds?

Whelan, Karl - 2023

Book / Working Paper

Reconceptualising risky and harmful consumption through molar and molecular lines : mobile smartphone sports betting arrangements

Gordon, Ross; Harada, Theresa; Waitt, Gordon; Gurrieri, … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014631851

Skewness preferences : evidence from online poker

Dertwinkel-Kalt, Markus; Kasinger, Johannes; Schneider, … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015135348

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Skewness preferences : evidence from online poker

Dertwinkel-Kalt, Markus; Kasinger, Johannes; Schneider, … - 2024

Book / Working Paper

Skewness preferences : evidence from online poker

Dertwinkel-Kalt, Markus; Kasinger, Johannes; Schneider, … - 2022

Book / Working Paper

Sports betting across borders : spatial spillovers, credit distress, and fiscal externalities

Goss, Jacob; Mangrum, Daniel - 2026 - Revised March 2026

Since the 2018 Murphy v. NCAA decision, 38 states have legalized mobile sports betting. We study effects on betting and consumer credit, emphasizing spatial spillovers across state lines. Using consumer spending data and an extended two-way fixed effects framework that separately identifies...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614722

Risk attitude and complex lotteries

Kim, Jeong Yeol; Castro, Luciano I. de; Galvao, Antonio … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015615876

The macroeconomic impact of reducing gross gambling yield : an empirically-informed model

Simpson, Katherine; Szendrei, Tibor; Gu, Jingyi; Roy, Graeme - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015640057

The parlay puzzle : expected utility and multi-leg betting

Whelan, Karl - 2026

Multi-leg parlay bets have become hugely popular in the US despite loss rates on stakes that are four times higher than regular bets. This paper shows that even if bettors believe they have an edge, maximization of subjective expected utility requires placing separate bets when per-leg win...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644689

Leveraging probability distortion to target prevention : a cardiovascular screening experiment in the Philippines

Baillon, Aurélien; Capuno, Joseph J.; Kraft, Aleli; … - 2026

We test whether a conditional cash lottery targets prevention on those doing too little because of inverse-S probability distortion that also causes overvaluation of a lottery. Consistent with theory, Filipinos perceiving their cardiovascular disease (CVD) risk in a wide intermediate interval...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644858

Replication report: on the robustness and provenance of the gambler's fallacy by Xiang, Dorst, and Gershman (2025)

Berg, Anthony van den; Doroc, Karlo; Fu, Changfa; … - 2026

Xiang et al. (2025) investigate whether the gambler's fallacy-the false belief that a random event is less likely to occur if it has occurred recently-is robust to using probabilistic (versus point) predictions and independently and identically distributed (versus non-IID) sequences. In five...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015650666

Opaque selling with endogenous product characteristics

Hoover, Darren - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651525

Playing the birth lottery in Europe

Valentini, Annaelena; Brunori, Paolo; Ferreira, … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015633034

SOEP-IS 2024 - ILOTTERY : variables from an innovative lottery experiment in 2016

2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015633172

Gambling for retirement : the economics of savings lotteries

Gars, Jared; Holz, Justin; Rodemeier, Matthias; Villa, … - 2026

Governments frequently use lottery-like incentives to encourage socially desirable behavior ("Pigouvian lotteries"). We study lotteries that encourage retirement savings in a nationwide field experiment with over 380,000 participants in Colombia's public pension system. Lotteries increase...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015635628

The inefficient markets hypothesis : a theory of casino capitalism

Hellwig, Christian - 2026

I develop a general equilibrium model of investment and equity markets in which departures from the Efficient Markets Hypothesis generate "Casino Capitalism": time-inconsistent, shorttermist firm decisions, firm-level over-investment coupled with inefficient liquidation of positiveNPV projects,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015666633

Gambling with state budgets : legalized sports betting and lost lottery revenue

Coombs, Kyle; Madonia, Greg; Nencka, Peter; Smith, Austin C. - 2026

Legislators often justify legalizing controversial markets, such as sports betting, by citing the potential for new tax revenue to fund popular public programs. However, new revenue from sports betting may cannibalize existing revenue from state-run lotteries, undermining a key rationale for...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015666003

Compulsive gambling in the stock market : evidence from an emerging market

Atcha Kamolsareeratana; Kouwenberg, Roy - 2023

During the COVID-19 pandemic, many new individual investors globally entered the stock markets, often pursuing speculative investment strategies that resemble gambling. A concern is that trading as a form of gambling can become addictive for some people, as documented by several recent studies...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013500636

How rational is gambling?

Stetzka, Robin; Winter, Stefan - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014338025

Does IQ predict engagement with skill-based gambling? : large-scale evidence from horserace betting

Suhonen, Niko; Saastamoinen, Jani; Forrest, David; … - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014289867

Gambling habits and probability judgements in a Bayesian task environment

Dickinson, David L.; Reid, Parker - 2023

Little is known about how gamblers estimate probabilities from multiple information sources. This paper reports on a preregistered study that administered an incentivized Bayesian choice task to n=465 participants (self-reported gamblers and non-gamblers). Our data failed to support our main...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014311967

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Gambling habits and probability judgements in a Bayesian task environment

Dickinson, David L.; Reid, Parker - 2023

Book / Working Paper

Gambling Habits and Probability Judgements in a Bayesian Task Environment

Dickinson, David L.; Reid, Parker - 2023

Book / Working Paper

Analysing the effect of betting shops on crime in England

Adeniyi, Oluwole; Tura, Ferhat; Newton, Andy - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014420234

Animal spirits on steroids: Evidence from retail options trading in India

Agarwal, Vikas; Ghosh, Pulak; Prabhala, Nagpurnanand R.; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015459911

The effects of limiting access to gambling: Insights from the closures of electronic gambling machines

Buri, Riku; Karjalainen, Joel; Koskinen, Anni; Siles, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015474990

Forecasting soccer matches with betting odds : a tale of two markets

Hegarty, Tadgh; Whelan, Karl - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015440677

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Forecasting soccer matches with betting odds : a tale of two markets

Hegarty, Tadgh; Whelan, Karl - 2023

Book / Working Paper

Forecasting soccer matches with betting odds : a tale of two markets

Hegarty, Tadgh; Whelan, Karl - 2023

Book / Working Paper

Round-robin tournaments in the lab : lottery contests vs. all-pay auctions

Lauber, Arne; March, Christoph; Sahm, Marco - 2025

We conduct a laboratory experiment to compare the fairness and intensity of round-robin tournaments with three symmetric players, a single prize, and two alternative match formats. Matches are either organized as lottery contests or all-pay auctions. Whereas we confirm the theoretical prediction...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015202740

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Round-Robin tournaments in the lab : lottery contests vs. all-pay auctions

Lauber, Arne; March, Christoph; Sahm, Marco - 2025

Book / Working Paper

The output cost of inheritance

Brülhart, Marius; Eyquem, Aurélien; Martínez, Isabel; … - 2025

We study how inheritance affects labor supply over the life cycle, and we quantify its aggregate impact. Tracking earnings histories around some 135,000 inheritances and 5,000 lottery wins, we exploit the quasi-random timing and size of these events to identify labor supply responses with high...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015548877

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The output cost of inheritance

Brülhart, Marius; Eyquem, Aurélien; Martínez, Isabel; … - 2025

Book / Working Paper

The output cost of inheritance

Brülhart, Marius; Eyquem, Aurélien; Martínez, Isabel; … - 2025

Book / Working Paper

How manipulable are prediction markets?

Rasooly, Itzhak; Rozzi, Roberto - 2025

In this paper, we conduct a large-scale field experiment to investigate the manipulability of prediction markets. The main experiment involves randomly shocking prices across 817 separate markets; we then collect hourly price data to examine whether the effects of these shocks persist over time....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372547

"Essential" migrants : evidence from the 2020 H-2B visa lottery

Mahajan, Parag - 2025

I study how access to foreign-born workers impacts firms and local economics in times of acute crisis. The 2020 H-2B visa lottery randomly gave some U.S. firms the chance to hire low-wage, migrant workers during the height of the COVID-19 pandemic. Using administrative data across three...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372670

Gambling-motivated attention and improved market efficiency

Khanthavit, Anya - 2025

Information is incorporated into stock prices when investors trade; consequently, prices respond only to the information investors pay attention to. Because market efficiency requires rapid information dissemination and fully informative prices, attention necessarily affects the level of market...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015373948

On estimates of insider trading in sports betting

Whelan, Karl - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015375060

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On estimates of insider trading in sports betting

Whelan, Karl - 2024

Book / Working Paper

On estimates of insider trading in sports betting

Whelan, Karl - 2024

Book / Working Paper

SOEP-IS 2023 - ILOTTERY : variables from an innovative lottery experiment in 2016

2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015375141

Non-transitive patterns in sports match outcomes : a profitable anomaly

Ours, Jan C. van - 2025

While sports betting markets share similarities with traditional financial markets, they are more accessible for empirical research thanks to availability of high-quality data, straightforward betting procedures, and the finite duration of events. As a result, they are often analyzed for market...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015273021

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Non-transitive patterns in sports match outcomes : a profitable anomaly

Ours, Jan C. van - 2025

Book / Working Paper

Einziehung von Gegenständen des rechtswidrigen Glücksspiels nach § 148c GewO : eine Untersuchung zu verfassungsrechtlichen sowie einfachgesetzlichen Grundlagen und behördlichen Gestaltungsmaßnahmen

Mitschke, Melanie - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015330292

Idiosyncratic volatility and the cross-section of abnormal returns in Pakistan : evidence from a country with religious bans on lotteries and substantive institutional investor participation

Khurram, Muhammad Usman; Ali, Fahad; Ülkü, Numan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015330660

The gambler’s ruin with asymmetric payoffs

Whelan, Karl - 2025

The gambler's ruin is usually presented as a repeated game where the gambler can either win or lose one unit. We examine cases where the profits from winning gambles are multiple times the stake at risk, with the expected profit per gamble being either zero, positive or negative. For positive...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015330787

Stocks as lotteries? : an experimental test of expected utility vs behavioral models

Corgnet, Brice; Kpegli, Yao Thibaut; Magnani, Jacopo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015337453

Lotto lotteries : decision making under uncertainty when payoffs are unknown

Schröder, David - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015190618

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Lotto lotteries - Decision making under uncertainty when payoffs are unknown

Schröder, David - 2020

Book / Working Paper

Impacts of city life on nutrition : evidence from resettlement lotteries in China

Leng, Ganxiao; Qiu, Huanguang; Filipski, Mateusz - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015358543

Gambling preferences and enterprises internationalization performance : evidence from China

Feng, Qianbin; Hu, Xiao; Ren, Keyu; Xu, Yanhui - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015327002

The disjunction effect does not violate the Law of Total Probability

Gelastopoulos, Alexandros; Le Mens, Gaël - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015329122

Anchoring bias in the NFL gambling market

Fodor, Andy; Patterson, Fernando M.; Shank, Corey A. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015463470

On the river : adult gaming centres, liberty and harm

Lingwood, Oscar; Marlow, Maxwell - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015463668

The attraction of magnet schools : evidence from embedded lotteries in school assignment

Dur, Umut Mert; Hammond, Robert G.; Lenard, Matthew A.; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015466030

The effects of limiting access to gambling : insights from the closures of electronic gambling machines

Buri, Riku; Karjalainen, Joel; Koskinen, Anni; Siles, … - 2025

In industries where consumption generates negative externalities and internalities, governments can attempt to curb excess demand by restricting supply. However, this strategy may simply shift consumption to substitutes with similar negative consequences. We explore this issue in the Finnish...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015470209