Suchergebnisse

"In determining the legality of online poker - a multibillion dollar industry - courts have relied heavily on the issue of whether or not poker is a game of skill. Using newly available data, we analyze that question by examining the performance in the 2010 World Series of Poker of a group of poker players identified as being highly skilled prior to the start of the events. Those players identified a priori as being highly skilled achieved an average return on investment of over 30 percent, compared to a -15 percent for all other players. This large gap in returns is strong evidence in support of the idea that poker is a game of skill"--National Bureau of Economic Research web site

Abstract
The fight against terrorism requires identifying potential terrorists before they have the opportunity to act. In this paper, we investigate the extent to which retail banking data – which as far as we know are not currently used by anti-terror intelligence agencies in any systematic manner – are a useful tool in identifying terrorists. Using detailed administrative records of a large British bank, we demonstrate that a number of variables in the data are strongly correlated with terrorism-related activities. Having both an Islamic given name and surname, not surprisingly, are among the strongest of these predictors, but a wide range of other demographic characteristics and behaviors observed in the data are also correlated strongly with terrorist involvement. The real key to our method, however, rests on the identification of one particular pattern of banking behavior (what we call "Variable Z") which dramatically improves our ability to identify terrorists. Our model is demonstrated to have substantial power to identify terrorists both within sample and out of sample.