Gamblers favor skewness, not risk: Further evidence from United States' lottery games

被引：96

作者：

Garrett, TA ^{[1
]}

Sobel, RS ^{[1
]}

机构：

[1] W Virginia Univ, Dept Econ, Morgantown, WV 26506 USA

来源：

ECONOMICS LETTERS | 1999年 / 63卷 / 01期

关键词：

risk; skewness; uncertainty; state lotteries;

D O I：

10.1016/S0165-1765(99)00012-9

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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. (C) 1999 Elsevier Science S.A. All rights reserved.

引用

页码：85 / 90

页数：6

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