We present a new lockset-based algorithm, Goldilocks, for precisely computing the happens-before relation and thereby detecting data-races at runtime. Dynamic race detection algorithms in the literature are based on vector clocks or locksets. Vector-clock-based algorithms precisely compute the happens-before relation but have significantly more overhead. Previous lockset-based race detection algorithms, on the other hand, are imprecise. They check adherence to a particular synchronization discipline, i.e., a sufficient condition for race freedom and may generate false race warnings. Our algorithm, like vector clocks, is precise, yet it is efficient since it is purely lockset based. We have implemented our algorithm inside the Kaffe Java Virtual Machine. Our implementation incorporates lazy evaluation of locksets and certain "short-circuit checks" which contribute significantly to its efficiency. Experimental results indicate that our algorithm's overhead is much less tha...