Do risk-averse lottery players become risk-seeking lottery winners?

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DC Field	Value	Language
dc.contributor.author	Kyritsis, Ioannis	en
dc.contributor.author	Papachristou, George	en
dc.date.accessioned	2009-11-10T10:29:45Z	-
dc.date.available	2009-11-10T10:29:45Z	-
dc.date.issued	2006	-
dc.identifier.uri	http://dspace.lib.uom.gr/handle/2159/13645	-
dc.description.abstract	Models of rational lottery play assume that lottery winners are risk-seekers. Models of skewness preference are not an exception to this. Skewness preference is not, in general, sufficient to make risk-averse individuals play, if one does not assume a risk-seeking attitude at windfall gains. In light of the anecdotal evidence on lottery winners remaining risk-averse, we fear that a consistent theory of rational betting may only have a limited domain of application: that of lottery losers.	en
dc.format.extent	1853925 bytes	-
dc.format.mimetype	application/pdf	-
dc.language.iso	en	en
dc.publisher	University of Macedonia, Economic and Social Sciences	en
dc.relation.uri	http://dspace.lib.uom.gr/handle/2159/13657	-
dc.subject	Expected utility	en
dc.subject	Lotteries	en
dc.subject	Risk aversion	en
dc.subject	Skewness preference	en
dc.title	Do risk-averse lottery players become risk-seeking lottery winners?	en
dc.type	Text	en
Appears in Collections:	Festschrift in honour of Maria Negreponti-Delivanis

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