English, Article edition: On skewness of return and buying more than one ticket in a lottery David Peel; David Law

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Bookmark: http://trove.nla.gov.au/version/49405
Physical Description
  • article
Language
  • English

Edition details

Title
  • On skewness of return and buying more than one ticket in a lottery
Author
  • David Peel
  • David Law
Physical Description
  • article
Notes
  • 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.
  • RePEc:taf:apeclt:v:16:y:2009:i:10:p:1029-1032
Language
  • English
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