Universität zu Köln

Conrads, Julian, Reggiani, Tommaso ORCID: 0000-0002-3134-1049 and Rilke, Rainer Michael ORCID: 0000-0001-8901-860X (2016). Reducing ambiguity in lotteries: evidence from a field experiment. Appl. Econ. Lett., 23 (3). S. 206 - 212. ABINGDON: ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD. ISSN 1466-4291

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Abstract

Ambiguity about the chances of winning represents a key aspect in lotteries. By means of a controlled field experiment, we exogenously vary the degree of ambiguity about the winning chances of lotteries organized to incentivize the contribution for a public good. In one treatment, people have been simply informed about the maximum number of potential participants (i.e. the number of lottery tickets released). In a second treatment, this information has been omitted as in all traditional lotteries. Our general finding shows that simply reducing the degree of ambiguity of the lottery leads to a sizable and significant increase (67%) in the participation rate. This result is robust to alternative prize configurations.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Conrads, Julian UNSPECIFIED UNSPECIFIED UNSPECIFIED Reggiani, Tommaso UNSPECIFIED orcid.org/0000-0002-3134-1049 UNSPECIFIED Rilke, Rainer Michael UNSPECIFIED orcid.org/0000-0001-8901-860X UNSPECIFIED
URN:	urn:nbn:de:hbz:38-284613
DOI:	10.1080/13504851.2015.1066480
Journal or Publication Title:	Appl. Econ. Lett.
Volume:	23
Number:	3
Page Range:	S. 206 - 212
Date:	2016
Publisher:	ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
Place of Publication:	ABINGDON
ISSN:	1466-4291
Language:	English
Faculty:	Unspecified
Divisions:	Unspecified
Subjects:	no entry
Uncontrolled Keywords:	Keywords Language FINANCE PUBLIC-GOODS; PAY Multiple languages Economics Multiple languages
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/28461