| Item type |
Technical Report(1) |
| 公開日 |
2020-09-04 |
| タイトル |
|
|
タイトル |
In search of "Favorite-Long Shot Bias" : An experimental study of the demand for sweepstakes |
| 作成者(その他言語) |
Chew, Soo Hong
Jennifer, Mao
Nishimura, Naoko
|
| 公開者(その他言語) |
|
|
|
姓名 |
Faculty, of Economics and Law Shinshu University |
| 書誌情報 |
Staff Paper Series
巻 1,
p. 1-52,
発行日 2016-05
|
| 言語 |
|
|
言語 |
eng |
| 資源タイプ |
|
|
資源タイプ識別子 |
http://purl.org/coar/resource_type/c_18gh |
|
資源タイプ |
technical report |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
auction |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
experiment |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
Allais paradox |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
preference |
| アクセス権 |
|
|
アクセス権 |
metadata only access |
|
アクセス権URI |
http://purl.org/coar/access_right/c_14cb |
| 内容記述 |
|
|
内容記述タイプ |
Other |
|
内容記述 |
This paper studies experimentally the demand for a variable-prize sweepstakes in which a single winner receives 90% of the total receipts, and whether such demand would exhibit the favorite-longshot bias (FLB) widely reported in the racetrack betting literature. We find significant incidence of sweepstakes purchase over population sizes ranging from 2 to 141, a greater tendency for FLB among those who exhibit longshot preference (LSP) over fixed-odds lotteries, but mixed support for FLB per se. In particular, the demand on average for 28-subject sweepstakes exceeds that of the largest one with 141 subjects including those who are averse to taking even-chance bets. Further and intriguingly, we observe significant demands for 2-person sweepstakes even among risk adverse subjects. Taken together, our observations reveal an incremental demand for sweepstakes arising from its interactive nature that can reinforce the effects of LSP as well as counter the effects of risk aversion. |
| 日付 |
|
|
日付 |
2018-03-23 |
|
日付タイプ |
Created |
| 資源タイプ |
|
|
内容記述タイプ |
Other |
|
内容記述 |
Article |
| その他の資源識別子 |
|
|
内容記述タイプ |
Other |
|
内容記述 |
Faculty of Economics and Law Shinshu University Staff Paper Series. 1 : 1-52 (2016). (Staff Paper No.16-01). |
| 資源識別子URI |
|
|
識別子 |
http://hdl.handle.net/10091/00020380 |
|
識別子タイプ |
HDL |
| 著者版フラグ |
|
|
出版タイプ |
VoR |
|
出版タイプResource |
http://purl.org/coar/version/c_970fb48d4fbd8a85 |
https://soar-ir.repo.nii.ac.jp/?action=repository_action_common_download&item_id=19619&item_no=1&attribute_id=65&file_no=1
