On lottery sales, jackpot sizes and irrationality: a cautionary note

DOI10.1016/J.ECONLET.2010.08.020zbMath1203.91032OpenAlexW2166824128MaRDI QIDQ617560

David A. Peel

Publication date: 21 January 2011

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://eprints.lancs.ac.uk/id/eprint/55023/1/10.pdf

zbMATH Keywords

irrationalitycumulative prospect theoryjackpot sizelottery sales

Mathematics Subject Classification ID

Probabilistic games; gambling (91A60) Utility theory for games (91A30)

Cites Work

• Cumulative prospect theory's functional menagerie
• Advances in prospect theory: cumulative representation of uncertainty
• Myopic Loss Aversion and the Equity Premium Puzzle

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