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Reducing ambiguity in lotteries: evidence from a field experiment

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  • Julian Conrads
  • Tommaso Reggiani
  • Rainer Michael Rilke

Abstract

Ambiguity about the chances of winning represents a key aspect in lotteries. By means of a controlled field experiment, we exogenously vary the degree of ambiguity about the winning chances of lotteries organized to incentivize the contribution for a public good. In one treatment, people have been simply informed about the maximum number of potential participants (i.e. the number of lottery tickets released). In a second treatment, this information has been omitted as in all traditional lotteries. Our general finding shows that simply reducing the degree of ambiguity of the lottery leads to a sizable and significant increase (67%) in the participation rate. This result is robust to alternative prize configurations.

Suggested Citation

  • Julian Conrads & Tommaso Reggiani & Rainer Michael Rilke, 2016. "Reducing ambiguity in lotteries: evidence from a field experiment," Applied Economics Letters, Taylor & Francis Journals, vol. 23(3), pages 206-211, February.
    • Handle: RePEc:taf:apeclt:v:23:y:2016:i:3:p:206-211
    DOI: 10.1080/13504851.2015.1066480
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    Cited by:

    1. Chiara FALCO & Douch KONG & Valentina ROTONDI & Valeria SPELTA, 2016. "Investment, Insurance and Weather Shocks: Evidence from a Lab Experiment in Cambodia," Departmental Working Papers 2016-10, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    2. Falco, Chiara & Rotondi, Valentina & Kong, Douch & Spelta, Valeria, 2021. "Investment, insurance and weather shocks: Evidence from Cambodia," Ecological Economics, Elsevier, vol. 188(C).

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