Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/74662 
Year of Publication: 
2012
Series/Report no.: 
Thünen-Series of Applied Economic Theory - Working Paper No. 129
Publisher: 
Universität Rostock, Institut für Volkswirtschaftslehre, Rostock
Abstract: 
This paper analyses the relationship between lottery tickets and common stocks using cross sectional household data for the U.K. and Germany. In contrast to a previous empirical finding that predicts a complementary effect and nonexpected utility models that predict a substitutional effect, we find that lottery tickets purchases and stock market investments are independent.
JEL: 
G11
D12
Document Type: 
Working Paper

Files in This Item:
File
Size
221.17 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.