Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Heterogeneous agents and the implications of the Markowitz model of utility for multi-prize lottery tickets
AU - Peel, David
PY - 2013/6
Y1 - 2013/6
N2 - 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
AB - 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
U2 - 10.1016/j.econlet.2013.02.030
DO - 10.1016/j.econlet.2013.02.030
M3 - Journal article
VL - 119
SP - 264
EP - 267
JO - Economics Letters
JF - Economics Letters
SN - 0165-1765
IS - 3
ER -