Conrads, Julian, Reggiani, Tommaso ORCID: 0000-0002-3134-1049 and Rilke, Rainer Michael ORCID: 0000-0001-8901-860X (2016). Reducing ambiguity in lotteries: evidence from a field experiment. Appl. Econ. Lett., 23 (3). S. 206 - 212. ABINGDON: ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD. ISSN 1466-4291

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Abstract

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.

Item Type: Journal Article
Creators:
CreatorsEmailORCIDORCID Put Code
Conrads, JulianUNSPECIFIEDUNSPECIFIEDUNSPECIFIED
Reggiani, TommasoUNSPECIFIEDorcid.org/0000-0002-3134-1049UNSPECIFIED
Rilke, Rainer MichaelUNSPECIFIEDorcid.org/0000-0001-8901-860XUNSPECIFIED
URN: urn:nbn:de:hbz:38-284613
DOI: 10.1080/13504851.2015.1066480
Journal or Publication Title: Appl. Econ. Lett.
Volume: 23
Number: 3
Page Range: S. 206 - 212
Date: 2016
Publisher: ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
Place of Publication: ABINGDON
ISSN: 1466-4291
Language: English
Faculty: Unspecified
Divisions: Unspecified
Subjects: no entry
Uncontrolled Keywords:
KeywordsLanguage
FINANCE PUBLIC-GOODS; PAYMultiple languages
EconomicsMultiple languages
Refereed: Yes
URI: http://kups.ub.uni-koeln.de/id/eprint/28461

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