Kocher, Martin G.; Krawczyk, Michal; van Winden, Frans - In: Journal of Economic Behavior & Organization 98 (2014) C, pp. 29-40
We analyze one of the explanations why people participate in lotteries. Our hypothesis stipulates that part of the … value that a unit of money buys in lotteries is consumed before the actual resolution in the form of emotions such as hope …