Detailed Information on Publication Record
2015
Reducing ambiguity in lotteries: Evidence from a field experiment
REGGIANI, Tommaso, Julian CONRADS and Rainer Michael RILKEBasic information
Original name
Reducing ambiguity in lotteries: Evidence from a field experiment
Authors
REGGIANI, Tommaso, Julian CONRADS and Rainer Michael RILKE
Edition
Applied Economics Letters, UK, Taylor & Francis, 2015, 1350-4851
Other information
Language
English
Type of outcome
Článek v odborném periodiku
Field of Study
50200 5.2 Economics and Business
Country of publisher
United Kingdom of Great Britain and Northern Ireland
Confidentiality degree
není předmětem státního či obchodního tajemství
References:
Impact factor
Impact factor: 0.378
Organization unit
Faculty of Economics and Administration
Keywords in English
ambiguity - lottery - field experiment
Tags
International impact, Reviewed
Změněno: 12/9/2017 21:25, Tommaso Reggiani, PhD
Abstract
V originále
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.