Title of article
Gamblers favor skewness, not risk: Further evidence from United States’ lottery games
Author/Authors
Thomas A. Garrett، نويسنده , , Russell S. Sobel، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1999
Pages
6
From page
85
To page
90
Abstract
Theoretical models of risk have attempted to explain why risk-averse individuals take unfair gambles. Using all United States’ lottery games, we find theoretical and empirical evidence that skewness of prize distributions explains why risk averse individuals may play the lottery.
Keywords
skewness , Uncertainty , Risk , State lotteries
Journal title
Economics Letters
Serial Year
1999
Journal title
Economics Letters
Record number
434698
Link To Document