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Losers distribution, with applications to financial inclusion: Lightning can strike twice, but it may not strike at all

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Listed:
  • John H. Y. Edwards

    (Tulane University)

Abstract

This paper develops the "Losers distribution" a new discrete probability distribution that describes the number of losers in a k-player game with n-fold identical trials. The problem of financial inclusion demonstrates its application. Fair subsidized lotteries are proposed as a complement to microfinance for providing financing to the poor.

Suggested Citation

  • John H. Y. Edwards, 2019. "Losers distribution, with applications to financial inclusion: Lightning can strike twice, but it may not strike at all," Working Papers 1905, Tulane University, Department of Economics.
    • Handle: RePEc:tul:wpaper:1905
    as

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    File URL: http://repec.tulane.edu/RePEc/pdf/tul1905.pdf
    File Function: First Version, April 2019
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    References listed on IDEAS

    as
    1. Zeelenberg, Marcel & Pieters, Rik, 2004. "Consequences of regret aversion in real life: The case of the Dutch postcode lottery," Organizational Behavior and Human Decision Processes, Elsevier, vol. 93(2), pages 155-168, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Financial Exclusion; Inequality; Financial Market Failure; Income Distribution; Poverty; Lotteries;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • G1 - Financial Economics - - General Financial Markets
    • H4 - Public Economics - - Publicly Provided Goods

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