National Lottery participation and expenditure: preliminary results using a two stage modelling approach
Using data from the Family Expenditure Survey, this paper analyses participation in, and expenditure on, the UK National Lottery by individuals for the period 1995/1996 to 1999/2000. Probit and truncated Tobit models are employed in a two part estimation. The results highlight the importance of gender, age, education, marital status and occupation in individual participation and expenditure decisions.
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Volume (Year): 9 (2002)
Issue (Month): 12 ()
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