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dc.contributor.authorBurger, MJ
dc.contributor.authorHendriks, M
dc.contributor.authorPleeging, E
dc.contributor.authorvan Ours, JC
dc.date.accessioned2020-11-26T22:51:22Z
dc.date.available2020-11-26T22:51:22Z
dc.date.issued2020-12-01
dc.identifier.citationBurger, M. J., Hendriks, M., Pleeging, E. & van Ours, J. C. (2020). The joy of lottery play: evidence from a field experiment. Experimental Economics, 23 (4), pp.1235-1256. https://doi.org/10.1007/s10683-020-09649-9.
dc.identifier.issn1386-4157
dc.identifier.urihttp://hdl.handle.net/11343/252016
dc.description.abstractBuying lottery tickets is not a rational investment from a financial point of view. Yet, the majority of people participate at least once a year in a lottery. We conducted a field experiment to increase understanding of lottery participation. Using representative data for the Netherlands, we find that lottery participation increased the happiness of participants before the draw. Winning a small prize had no effect on happiness. Our results indicate that people may not only care about the outcomes of the lottery, but also enjoy the game. Accordingly, we conclude that lottery participation has a utility value in itself and part of the utility of a lottery ticket is consumed before the draw.
dc.languageEnglish
dc.publisherSpringer (part of Springer Nature)
dc.rights.urihttps://creativecommons.org/licenses/by/4.0
dc.titleThe joy of lottery play: evidence from a field experiment
dc.typeJournal Article
dc.identifier.doi10.1007/s10683-020-09649-9
melbourne.affiliation.departmentEconomics
melbourne.source.titleExperimental Economics
melbourne.source.volume23
melbourne.source.issue4
melbourne.source.pages1235-1256
dc.rights.licensecc-by
melbourne.elementsid1442742
melbourne.contributor.authorvan Ours, Jan
dc.identifier.eissn1573-6938
melbourne.accessrightsOpen Access


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