Estimating the Price Elasticity of Demand for Lotto from Conscious and Quick Selection Prospect
學年 100
學期 1
出版(發表)日期 2012-01-01
作品名稱 Estimating the Price Elasticity of Demand for Lotto from Conscious and Quick Selection Prospect
作品名稱(其他語言)
著者 Lee, Shih-Chin; Tien, Joseph J.; Ho, Hwai-Chung
單位 淡江大學保險學系
出版者
著錄名稱、卷期、頁數 The Empirical Economics Letters 11(1), pp.9-16
摘要 In a lotto game there are usually two ways for players to choose their number combinations: conscious selection and quick selection. In the former lotto selection will be executed by a computer system automatically.It is up to the player to decide which strategy is employed when selecting the numbers.The purpose of this paper is to investigate the effectiveness of price elasticity for both the strategies based on a unique database of the players' selection tickets maintained by the monopoly lotto selection players(1.84)is larger than that of conscious players (1.45). Our conclusions support the conscious and quick selection bettors may belong to two different types of kinds of lottery players.
關鍵字
語言 en
ISSN 1681-8997
期刊性質 國外
收錄於 SCI
產學合作
通訊作者 Tien, Joseph J.
審稿制度
國別 PAK
公開徵稿
出版型式 ,紙本
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