Jackpot size has a greater impact than expected price as a determinant of lottery sales suggesting that agents exhibit irrational lotto mania. We demonstrate why this conclusion is problematical by considering the reduced form obtained if agents are described by Cumulative Prospect Theory
I explore a unique, individual level, lottery betting panel data and show that lottery gambling is s...
The size of the jackpot of the American powerball lottery that fell in August 2001 has generated a l...
Despite considerable controversy surrounding the use of state lotteries as a means of public finance...
have found the lottery to be a regressive form of taxation that varies by game and whose regressivit...
There has been little research done on how consumers react to jackpots that first cross the $100 mil...
The purpose in this article is to demonstrate that buying more than one ticket in a lottery is readi...
The Canadian 6/49 Lotto©, despite its unusual payout structure, is one of the few government sponsor...
Whilst Cumulative Prospect theory (CPT) provides an explanation of gambling on longshots at actuaria...
State lotteries typically pay lotto jackpot winnerswith annuity payments over a 20- to 30-year perio...
The lottery market modeled in this study cannot be explained by the conventional rational expectatio...
Modelling lottery sales as a function of the mean, standard deviation andskewness of the probability...
On January 13, 2016, the largest jackpot prize in world history took place. In this paper, we exami...
We demonstrate that lottery markets can exhibit the "hot-hand" phenomenon, in which past winning nu...
The alternation bias is the tendency of people to believe that random events alternate more often th...
The focus of this article is to analyse the reasons for the success of the Québec Lotteries. To do i...
I explore a unique, individual level, lottery betting panel data and show that lottery gambling is s...
The size of the jackpot of the American powerball lottery that fell in August 2001 has generated a l...
Despite considerable controversy surrounding the use of state lotteries as a means of public finance...
have found the lottery to be a regressive form of taxation that varies by game and whose regressivit...
There has been little research done on how consumers react to jackpots that first cross the $100 mil...
The purpose in this article is to demonstrate that buying more than one ticket in a lottery is readi...
The Canadian 6/49 Lotto©, despite its unusual payout structure, is one of the few government sponsor...
Whilst Cumulative Prospect theory (CPT) provides an explanation of gambling on longshots at actuaria...
State lotteries typically pay lotto jackpot winnerswith annuity payments over a 20- to 30-year perio...
The lottery market modeled in this study cannot be explained by the conventional rational expectatio...
Modelling lottery sales as a function of the mean, standard deviation andskewness of the probability...
On January 13, 2016, the largest jackpot prize in world history took place. In this paper, we exami...
We demonstrate that lottery markets can exhibit the "hot-hand" phenomenon, in which past winning nu...
The alternation bias is the tendency of people to believe that random events alternate more often th...
The focus of this article is to analyse the reasons for the success of the Québec Lotteries. To do i...
I explore a unique, individual level, lottery betting panel data and show that lottery gambling is s...
The size of the jackpot of the American powerball lottery that fell in August 2001 has generated a l...
Despite considerable controversy surrounding the use of state lotteries as a means of public finance...
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