Reducing ambiguity in lotteries: Evidence from a field experiment
| Autoři | |
|---|---|
| Rok publikování | 2015 |
| Druh | Článek v odborném periodiku |
| Časopis / Zdroj | Applied Economics Letters |
| Fakulta / Pracoviště MU | |
| Citace | |
| www | http://www.tandfonline.com/doi/full/10.1080/13504851.2015.1066480 |
| Doi | http://dx.doi.org/10.1080/13504851.2015.1066480 |
| Obor | Ekonomie |
| Klíčová slova | ambiguity - lottery - field experiment |
| Přiložené soubory | |
| Popis | Ambiguity about the chances of winning represents a key aspect in lotteries. By means of a controlled field experiment, we exogenously vary the degree of ambiguity about the winning chances of lotteries organized to incentivize the contribution for a public good. In one treatment, people have been simply informed about the maximum number of potential participants (i.e. the number of lottery tickets released). In a second treatment, this information has been omitted as in all traditional lotteries. Our general finding shows that simply reducing the degree of ambiguity of the lottery leads to a sizable and significant increase (67%) in the participation rate. This result is robust to alternative prize configurations. |