On Lotteries with Unique Winners

On Lotteries with Unique Winners

Allowing repeat winners

Unbiased lotteries seem the least unfair and simplest procedures to allocate scarce indivisible resources to those with equal claims. But, when lotteries are repeated, it is not immediately obvious whether prior winners should be included or excluded. As in design questions surrounding single-shot lotteries, considerations of self-interest and distributive social preferences may interact. We in...

Strategy Proof Scoring Rule Lotteries for Multiple Winners

We develop a lottery procedure for selecting multiple winners that is strategy proof. The rule assigns points to each candidate based on any standard scoring rule method, and then uses one draw to select a single winning set of candidates in proportion to their collective score. In addition to being strategy proof, the lottery rule is also shown to have several other attractive normative proper...

city ’ s Small public High Schools of choice By Howard

J a n u a r y 2 0 1 2 improving academic progress and substantially improving graduation prospects, particularly for disadvantaged students. This report included data for over 21,000 students from four cohorts who entered ninth grade between fall 2005 and fall 2008. Findings in the report were based on a series of randomized lotteries that were used when SSCs had more applicants than seats, in ...

Explaining Heterogeneity in Risk Preferences Using a Finite Mixture Model

This paper studies the effect of the space (distance) between lotteries' outcomes on risk-taking behavior and the shape of estimated utility and probability weighting functions. Previously investigated experimental data shows a significant space effect in the gain domain. As compared to low spaced lotteries, high spaced lotteries are associated with higher risk aversion for high probabilities o...