Peel, D and Law, D (2009) On skewness of return and buying more than one ticket in a lottery. Applied Economics Letters, 16 (10). pp. 1350-4851. ISSN 1350-4851
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Official URL: http://dx.doi.org/10.1080/13504850701320154
Abstract
The purpose in this article is to demonstrate that buying more than one ticket in a lottery is readily explicable in models of utility that permit gambling at actuarially unfair odds. However, contrary to popular view, we show this choice cannot be explained in terms of a variance–skew trade-off.
| Item Type: | Article |
|---|---|
| Journal or Publication Title: | Applied Economics Letters |
| Subjects: | UNSPECIFIED |
| Departments: | Lancaster University Management School > Economics |
| ID Code: | 45568 |
| Deposited By: | ep_importer_pure |
| Deposited On: | 11 Jul 2011 19:34 |
| Refereed?: | Yes |
| Published?: | Published |
| Last Modified: | 15 Apr 2013 11:51 |
| Identification Number: | |
| URI: | http://eprints.lancs.ac.uk/id/eprint/45568 |
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