Faith as secular morality
I have chosen as the theme of my talk today faith as secular morality, or simply faith as morals. I thought this might be appropriate and timely, given that tomorrow is the start of Holy Week for those of us who are Christians. But even for those of different beliefs, I thought the subject may...
The demand for unfair gambles: Why illegal lotteries persist
We show how cheating in illegal gambling can be sustained in equilibrium, even when gamblers are aware of it. Not only is cheating pro
fit-maximizing for operators, but it can also be utility-maximizing if it provides gamblers the opportunity to engage in other related activities that generate non-monetary rewards, such as practicing superstitions.
