Born Under a Lucky Star?
AbstractThis 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.
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Bibliographic InfoPaper provided by Economics, Graduate School of Humanities and Social Sciences, University of Tsukuba in its series Tsukuba Economics Working Papers with number 2009-003.
Date of creation: Mar 2009
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