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- Summary, etc.This paper studies experimentally the demand for a variable-prize sweepstakes in which a sin......r receives 90% of the total receipts, and whether such demand would exhibit the favorite-longshot bias (FLB) widely reported in the racetrack bett......e find significant incidence of sweepstakes purchase over ......ulation sizes ranging from 2 to ......eater tendency for FLB among thos......ho exhibit longshot preference (LS...... mixed support for FLB per se. In particular, the demand on average for 28-subject sweepstakes exceeds that of the largest one wi...... taking even-chance bets. Further and intriguingly, we observe sig...
- Note (General)Article Faculty of Economics and Law Shinshu U......aper Series. 1 : 1-52 (2016). (Staff Paper No....