Why Do Lotteries Have Multiple Prizes?

According to Some Scholars Who Wrote on Risk-Taking, the Question Why Are There Multiple Prizes in Lottery Games Seems to Be - Quotes Milton Friedman - "One of the Chief Intellectual Issues Open in This Area". Elying on Brenner's (1983, 1985, 1987) Model, a Straightforward Explanation Can Be Given to the Existence of Both the Numerous Small Prizes and the Existence of a Number of a Larger Ones.

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Year of publication:	1987
Authors:	Brenner, G.A. ; Brenner, R.
Institutions:	Département de Sciences Économiques, Université de Montréal
Subject:	Risk \| Game Theory

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Series:	Cahiers de recherche.
Type of publication:	Book / Working Paper
Notes:	8 pages long. pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005353417