Measuring the Output and Prices of the Lottery Sector: An Application of Implicit Expected Utility Theory
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https://www.nber.org/papers/w14020
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资源简介：
Using implicit expected utility theory, a money metric of utility derived from playing a lottery game is developed. Output of the lottery sector can be defined as the difference in utility with and without the game. Using a kinked parametric functional form, outputs of the Canadian Lotto 6/49 are
提供机构：
美国国家经济研究局
创建时间：
2008-05-01
