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Odds for arms? : state chance game participation in Turkey

Günlük-Şenesen, Gülay; Kahveci, Mustafa - In: Defence and peace economics 33 (2022) 2, pp. 162-176

Persistent link: https://www.econbiz.de/10013167287

Rituals of reason : a choice-based approach to the acceptability of lotteries in allocation problems

Bouacida, Elias; Foucart, Renaud - 2022

Persistent link: https://www.econbiz.de/10013170048

Elasticity of Demand and Optimal Prize Distribution for Instant Lottery Games

Coon, Michael - 2017

This study explores the optimal payout structure and prize distribution of instant (scratch-off) lottery games. Using ticket sales data for 185 instant lottery games sold between 2007 and 2011 by the Maryland State Lottery and Gaming Control Agency, we calculate the price elasticity of demand...

Persistent link: https://www.econbiz.de/10012953852

Information Sharing in Private Value Lottery Contest

Wu, Zenan - 2017

We study the incentives of players to disclose information on their private valuations of the prize ahead of a rent-seeking contest. We show that information sharing can arise in equilibrium if types are concentrated enough, whereas sharing information is strictly dominated if types are...

Persistent link: https://www.econbiz.de/10012956214

Sequential Lottery Contests with Multiple Participants

Kahana, Nava - 2017

The literature on aggregative games, which has been applied in the study of contests, has focused on simultaneous games. We apply aggregative games techniques in a novel fashion in the analysis of sequential lottery contests with n players. It is shown that: (1) there exists a unique subgame...

Persistent link: https://www.econbiz.de/10012958970

A Note on Ex-Ante Stable Lotteries

Schlegel, Jan Christoph - 2017

We study ex-ante priority respecting (ex-ante stable) lotteries in the context of object allocation under thick priorities. We show that ex-ante stability as a fairness condition is very demanding: Only few agent-object pairs have a positive probability of being matched in an ex-ante stable...

Persistent link: https://www.econbiz.de/10012942788

An analytical and experimental comparison of maximal lottery schemes

Brandl, Florian; Brandt, Felix; Stricker, Christian - In: Social choice and welfare 58 (2022) 1, pp. 5-38

Persistent link: https://www.econbiz.de/10012819607

Gambling in Risk-Taking Contests : Experimental Evidence

Embrey, Matthew - 2020

This paper investigates whether contest schemes induce excessive risk-taking by implementing in the laboratory a novel stopping task based on the contest model of Seel and Strack (2013). In this stylized setting, managers who face contest payoffs have an incentive to delay halting projects with...

Persistent link: https://www.econbiz.de/10012826390

The Gambling Act 2005 and Loot Box Mechanics in Video Games

Arvidsson, Christopher - 2019

This article analyses loot box mechanics in relation to the Gambling Act 2005. These mechanics provide ‘gamers' with an … practice can be caught as a licensable gambling activity under UK law and relevant stakeholders should note that it is a … criminal offence to provide facilities for gambling without an operating licence. The dividing line between licensable and non …

Persistent link: https://www.econbiz.de/10012872082

Game, Set and Match : The Favorite-Long Shot Bias in Tennis Betting Exchanges

Abinzano, Isabel - 2016

We test for the existence of Favorite-Longshot Bias (FLB) in tennis betting exchanges. Despite these being order-driven markets, with no direct participation from bookmakers, we have found very similar results to those obtained by Lahvicka (2014) for betting markets: the bias is stronger in...

Persistent link: https://www.econbiz.de/10013003433