search query: @author Walker, I. / total: 11
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| Author: | Walker, I. Young, J. |
| Title: | An economist's guide to lottery design |
| Journal: | Economic Journal
2001 : NOV, VOL. 111:475, p. F700-F722 |
| Index terms: | Economic theory Business games Statistical methods |
| Language: | eng |
| Abstract: | The paper outlines the issues relevant to the design of pari-mutuel lottery games and makes inferences about game design effects from estimates of how rollovers affect sales. Lottery tickets sales depend positively on the proportion of revenue returned as prizes, positively on the skewness of the prize distribution, and negatively on the varaince in the prize distribution. We simulate the effects of envisaged game design changes on sales revenue and find potentially large effects. |
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