Buying a dream: alternative models for demand for lotto
(2002)
Journal Article
Forrest, D., Simmons, R., & Chesters, N. (2002). Buying a dream: alternative models for demand for lotto. Economic Inquiry, 40(3), 485-496. https://doi.org/10.1093/ei/40.3.485
Existing lotto demand models utilize effective price, computed as the face value of a ticket minus the expected value of prize money per ticket, as their primary explanatory variable. By contrast, this article proposes a key role for consumption bene... Read More about Buying a dream: alternative models for demand for lotto.