Banking on Gambling: Banks and Lottery-Linked Deposit Accounts
AbstractLottery-linked deposit accounts have proved to be popular around the world. From the point of view of a bank, these products are especially successful among relatively low-income customers, or in markets in which many people are outside the banking system. Below, we describe numerous examples of such accounts, and analyze their economics.
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Bibliographic InfoArticle provided by Springer in its journal Journal of Financial Services Research.
Volume (Year): 21 (2002)
Issue (Month): 3 (June)
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Web page: http://www.springerlink.com/link.asp?id=102934
Randomized return; lottery; behavioral finance.;
Other versions of this item:
- Mauro F. Guillén & Adrian E. Tschoegl, 2001. "Banking on Gambling: Banks and Lottery-Linked Deposit Accounts," Center for Financial Institutions Working Papers 00-25, Wharton School Center for Financial Institutions, University of Pennsylvania.
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