Browsing Interdisciplinary Centres & Research Groups by Subject "Gambling"

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Can expected utility theory explain gambling?

Farrell, Lisa ; Hartley, Roger (American Economic Association, 2002-06)

We investigate the ability of expected utility theory to account for simultaneous gambling and insurance. Contrary to a previous claim that borrowing and lending in perfect capital markets removes the demand for gambles, ...
The welfare effects of lotto : evidence from the UK

Farrell, Lisa ; Walker, Ian (Elsevier Science, 1999-04)

This paper estimates the demand for lottery tickets using pooled cross section data that contain individual incomes and extensive information about characteristics. One of the cross sections corresponded to a draw which ...