Born Under a Lucky Star?

Nobuyuki Hanaki, Alan Kirman and Matteo Marsili

Tsukuba Economics Working Papers from Faculty of Humanities and Social Sciences, University of Tsukuba

Abstract: This paper suggests that people can learn to behave in a way which makes them unlucky or lucky. Learning from experience will lead them to make choices which may lead to "luckier" outcomes than others. By so doing they may reinforce the choices of those who find themselves with unlucky outcomes. In this situation, people have reasonably learned to behave as they do and their behaviour is consistent with their experience. The lucky ones were not "born under a lucky star" they learned to be lucky.

Date: 2009-03
New Economics Papers: this item is included in nep-cbe
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Journal Article: Born under a lucky star? (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:tsu:tewpjp:2009-003

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