Efficient lottery design
نویسندگان
چکیده
منابع مشابه
On the design of lottery games
We describe a model of participation in lottery games designed to address the optimisation of tax revenue in state-sponsored lotteries. The model treats participants dynamically and examines a long-run equilibrium. A novel high frequency approximation is used to turn the problem into a static, state-contingent deterministic programming problem. We demonstrate that the solution of this problem h...
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The aim of this paper is to propose a model of decision-making for lotteries. Lottery qualities are the key concepts of the theory. Qualities allow the derivation of optimal decision-making processes and are taken explicitly into account for lottery evaluation. Our contribution explains the major violations of the expected utility theory for decisions on two-point lotteries and shows the necess...
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In a recent article, Douven and Williamson offer both (i) a rebuttal of various recent suggested sufficient conditions for rational acceptability and (ii) an alleged ‘generalization’ of this rebuttal, which, they claim, tells against a much broader class of potential suggestions. However, not only is the result mentioned in (ii) not a generalization of the findings referred to in (i), but in co...
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Due to the mature of networks and communication technologies, electronic commerce is growing up rapidly and many advanced applications in electronic commerce have been developed recently, such as on-line shopping, on-line bidding, and on-line gambling. There are numerous types of gambling like typical lottery, sport lottery, and poker gambling. Our research will focus on the lottery games. Owin...
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ژورنال
عنوان ژورنال: Social Choice and Welfare
سال: 2016
ISSN: 0176-1714,1432-217X
DOI: 10.1007/s00355-016-0978-8