Frans Working Paper ' Let me dream on ! ' Anticipatory Emotions and Preference for Timing in Lotteries

@inproceedings{Kocher2009FransWP,
  title={Frans Working Paper ' Let me dream on ! ' Anticipatory Emotions and Preference for Timing in Lotteries},
  author={Martin G. Kocher and Michal Krawczyk and Frans van Winden},
  year={2009}
}
We analyze one of the explanations why people participate in lotteries. Our hypothesis stipulates that part of the value that a unit of money buys in lotteries is consumed before the actual resolution in the form of emotions such as hope. In other words, a person holding a lottery ticket may prefer a delayed resolution of risk due to positive anticipatory… CONTINUE READING