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    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/92784

    Title: Estimating the Price Elasticity of Demand for Lotto from Conscious and Quick Selection Prospect
    Authors: Lee, Shih-Chin;Tien, Joseph J.;Ho, Hwai-Chung
    Contributors: 淡江大學保險學系
    Keywords: Lotto;Conscious selection;Quick selection
    Date: 2012-01-01
    Issue Date: 2013-10-22 16:38:28 (UTC+8)
    Abstract: 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.
    Relation: The Empirical Economics Letters 11(1), pp.9-16
    Appears in Collections:[Graduate Institute & Department of Insurance Insurance] Journal Article

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