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On the Optimal Design of Lotteries

descriptionPublicationkeyboard_double_arrow_right Article 01 Feb 1991 Australia Publisher:JSTORJournal:Economica, volume 58, page 1 (issn: 0013-0427, Copyright policy )
Authors: Quiggin, J;

doi: 10.2307/2554972

On the Optimal Design of Lotteries

Abstract

is globally concave, since thearguments against the plausibility of a convex utility function, advanced in the previous sectionin relation to EU theory, apply with equal force to the RDEU model. By contrast, as is shownbelow, these arguments do not apply to risk-seeking behavior associated with the possibility that

Country
Australia
Related Organizations
Keywords

Increasing Risk, Anticipated Utility, Probabilities, Allais Paradox, Subjectively Weighted Utility, Expected Utility

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
62
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