Search Results for author: Michael Crystal

Found 2 papers, 0 papers with code

The Near Miss Effect and the Framing of Lotteries

no code implementations6 Jul 2021 Michael Crystal

Analyzing an interaction between a seller and a buyer of lotteries allows us to gain further insight into the optimal framing of lotteries and might offer a potential explanation as to why lotteries with a very small probability of winning are commonplace and attractive.

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