Born under a lucky star?

Nobuyuki Hanaki, Alan Kirman and Matteo Marsili

Journal of Economic Behavior & Organization, 2011, vol. 77, issue 3, 382-392

Abstract: This paper suggests that people can learn to behave in a way which makes them persistently unlucky or lucky. Learning from one's own experience, as it reinforces a few lucky or unlucky outcomes in early periods, will lead them to repeatedly make choices that lead to lucky or unlucky outcomes. In this situation, people have reasonably learned to behave as they do and their behavior is consistent with their experience. The lucky ones were not "born under a lucky star"; they learned to be lucky.

Keywords: Learning; Luck; Asymmetric; Outcome (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (5)

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Working Paper: Born Under a Lucky Star? (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:77:y:2011:i:3:p:382-392

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