Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/185597 
Year of Publication: 
2018
Series/Report no.: 
Tinbergen Institute Discussion Paper No. TI 2018-078/V
Publisher: 
Tinbergen Institute, Amsterdam and Rotterdam
Abstract: 
We conducted a field experiment to increase our understanding of lottery participation. Using representative data for the Netherlands, we find that lottery participation increased the happiness of participants before the draw. Winning a small prize had no effect on happiness. Our results indicate that people may not only care about the outcomes of the lottery, but also enjoy the game. Accordingly, we conclude that lottery play has a utility value in itself and part of the lottery ticket is consumed before the draw.
Subjects: 
lottery play
happiness
field experiment
JEL: 
C93
I31
Document Type: 
Working Paper

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