All things considered, US society will be better off if sports betting becomes legal in more US states (beyond Nevada).
Responses
Responses weighted by each expert's confidence
Participant | University | Vote | Confidence | Bio/Vote History |
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Daron Acemoglu |
MIT | Bio/Vote History | ||
Letting people decide whether & how they gamble is good, but gambling comes with regressive taxes & manipulation of a vulnerable population
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Alberto Alesina |
Harvard | Bio/Vote History | ||
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Joseph Altonji |
Yale | Did Not Answer | Bio/Vote History | |
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Alan Auerbach |
Berkeley | Bio/Vote History | ||
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David Autor |
MIT | Did Not Answer | Bio/Vote History | |
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Katherine Baicker |
University of Chicago | Bio/Vote History | ||
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Abhijit Banerjee |
MIT | Bio/Vote History | ||
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Marianne Bertrand |
Chicago | Bio/Vote History | ||
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Markus Brunnermeier |
Princeton | Bio/Vote History | ||
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Raj Chetty |
Harvard | Did Not Answer | Bio/Vote History | |
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Judith Chevalier |
Yale | Bio/Vote History | ||
There are real tradeoffs here.
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David Cutler |
Harvard | Bio/Vote History | ||
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Angus Deaton |
Princeton | Did Not Answer | Bio/Vote History | |
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Darrell Duffie |
Stanford | Bio/Vote History | ||
Given human behavior, many more people would probably get into serious debt. Should they be protected from their own behavior? I'm not sure.
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Aaron Edlin |
Berkeley | Bio/Vote History | ||
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Barry Eichengreen |
Berkeley | Bio/Vote History | ||
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Liran Einav |
Stanford | Bio/Vote History | ||
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Ray Fair |
Yale | Bio/Vote History | ||
Hopefully this leads to better political U.S. betting markets, relevant for research.
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Amy Finkelstein |
MIT | Did Not Answer | Bio/Vote History | |
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Pinelopi Goldberg |
Yale | Did Not Answer | Bio/Vote History | |
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Austan Goolsbee |
Chicago | Bio/Vote History | ||
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Michael Greenstone |
University of Chicago | Bio/Vote History | ||
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Robert Hall |
Stanford | Bio/Vote History | ||
Organized betting of any kind exploits people with self-control limitations, so the law should not support it.
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Oliver Hart |
Harvard | Bio/Vote History | ||
I believe that in general the government should not prevent people making the deals they want to. Betting is no exception.
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Bengt Holmström |
MIT | Bio/Vote History | ||
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Caroline Hoxby |
Stanford | Bio/Vote History | ||
US sports so distorted (mkt power, restrictions on athletes,ad hoc transfers, irrational loyalties) that betting need not improve efficiency
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Hilary Hoynes |
Berkeley | Bio/Vote History | ||
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Kenneth Judd |
Stanford | Bio/Vote History | ||
Demand for this is high. Should reduce $ going to organized crime. We need regulation & taxes to deal with gambling addiction problems.
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Steven Kaplan |
Chicago Booth | Bio/Vote History | ||
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Anil Kashyap |
Chicago Booth | Bio/Vote History | ||
addiction is a problem for a small percentage of people, but most of us can gamble responsibly and the tax receipts will be beneficial
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Pete Klenow |
Stanford | Bio/Vote History | ||
Jonathan Levin |
Stanford | Bio/Vote History | ||
People who want to bet on sports will be better off. Society? Less clear.
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Eric Maskin |
Harvard | Bio/Vote History | ||
There is a libertarian argument in favor of legalized betting, but gambling has a harmful effect on the poor.
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William Nordhaus |
Yale | Bio/Vote History | ||
It is opening casinos in every living room.
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Emmanuel Saez |
Berkeley | Bio/Vote History | ||
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Larry Samuelson |
Yale | Bio/Vote History | ||
It may be easier to regulate and address the health effects of legal than illegal gambling, but overall impact of legalization is uncertain.
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José Scheinkman |
Columbia University | Bio/Vote History | ||
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Richard Schmalensee |
MIT | Bio/Vote History | ||
Increasing gambling opportunities will make some better off, but it will also increase gambling addiction and make others much worse off.
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Carl Shapiro |
Berkeley | Bio/Vote History | ||
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Robert Shimer |
University of Chicago | Bio/Vote History | ||
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James Stock |
Harvard | Bio/Vote History | ||
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Richard Thaler |
Chicago Booth | Bio/Vote History | ||
Details matter. Illegal gambling is prevalent and competition is good but if the states give themselves a monopoly then less competition.
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Christopher Udry |
Northwestern | Bio/Vote History | ||
It's not possible - or at least very costly - to stop, so make it more visible.
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