Kaizeler, Maria João; Faustino, Horácio C. - ISEG - School of Economics and Management, Department … - 2008
Varieties of lottery games are played regularly in more than half of the world’s countries. When considering the probability of winning a lottery jackpot, we have a sense of the illogicality in buying a lottery ticket. This begs the question, why do people buy lottery products? This paper...