Saving whilst gambling: An empirical analysis of UK premium bonds

American Economic Review

Volumn 98, Issue 2, 2008, Pages 321-326

  Tufano, Peter ^a,b  

^a HARVARD BUSINESS SCHOOL   (United States)

^b NBER ^*

Author keywords

[No Author keywords available]

Indexed keywords

EID: 44949171582     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.98.2.321     Document Type: Conference Paper

References (11)

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2. Department for Work and Pensions. 2007. "Family Resources Survey 2005-06." http://www.dwp.gov.uk/asd/frs/2005_06/chapter5.pdf.
3. Forrest, David, Robert Simmons, and Neil Chesters. 2002. "Buying a Dream: Alternative Models of Demand for Lotto." Economic Inquiry, 40(3): 485-96.
4. Frey, James H. 1984. "Gambling: A Sociological Review." Annals of the American Academy of Political and Social Science, 474 (7): 107-21.
5. Green, William H. 1997. Econometric Analysis. Upper Saddle River, NJ: Prentice Hall.
6. Guillén, Mauro, and Adrian Tschoegl. 2002. "Banking on Gambling: Banks and Lottery-Linked Deposit Accounts." Journal of Financial Services Research, 21(3): 219-31.
7. Kahneman, Daniel, and Amos Tversky. 1979. "Prospect Theory: An Analysis of Decision under Risk." Econometrica, 47(2): 263-91.
8. Levy-Ullmann, Henri. 1896. "Lottery Bonds in France and in the Principal Countries of Europe." Harvard Law Review, 9(6): 386-405.
9. Lobe, Sebastian, and Alexander Hölzl. 2007. "Why are British Premium Bonds so Successful? The Effect of Saving With a Thrill." http://ssrn.com/abstract=992794.
10. Murphy, Anne L. 2005. "Lotteries in the 1690s: Investment or Gamble?" Financial History Review, 12(2): 227-46.
11. Pfiffelmann, Marie. 2006. "Which Optimal Design for LLDAs?" http://ssrn.com/abstract=931130.