| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5059763 | Economics Letters | 2013 | 4 Pages |
Abstract
The purpose in this letter is to demonstrate, employing two parametric forms of the Markowitz model of utility, that heterogeneity of preferences of Markowitz agents can contribute towards an explanation of why lotteries typically have multiple rather than single prizes.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
D.A. Peel,