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Examining the Halo Effect in Lotto Games

Author

Listed:
  • Victor Matheson

    () (Department of Economics, College of the Holy Cross)

  • Kent Grote

    () (Department of Economics and Business, Lake Forest College)

Abstract

The "Halo Effect" occurs when lotto ticket sales are unexpectedly high following a large jackpot. An examination of the Powerball lottery finds evidence that the halo effect exists and that it is the result of bettors exchanging prize winnings for new tickets.

Suggested Citation

  • Victor Matheson & Kent Grote, 2005. "Examining the Halo Effect in Lotto Games," Working Papers 0513, College of the Holy Cross, Department of Economics.
  • Handle: RePEc:hcx:wpaper:0513
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    File URL: http://web.holycross.edu/RePEc/hcx/HC0513-Matheson-Grote_HaloEffect.pdf
    File Function: Initial version, August 2005
    Download Restriction: no

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    References listed on IDEAS

    as
    1. Scott, Frank A, Jr & Gulley, O David, 1995. "Testing for Efficiency in Lotto Markets," Economic Inquiry, Western Economic Association International, vol. 33(2), pages 175-188, April.
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    Citations

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    Cited by:

    1. Humphreys, Brad & Perez, Levi, 2011. "Lottery Participants and Revenues: An International Survey of Economic Research on Lotteries," Working Papers 2011-17, University of Alberta, Department of Economics.
    2. Kent R. Grote & Victor A. Matheson, 2014. "The Impact of State Lotteries and Casinos on State Bankruptcy Filings," Growth and Change, Wiley Blackwell, vol. 45(1), pages 121-135, March.
    3. Hellmanzik, Christiane, 2016. "Historic art exhibitions and modern - day auction results," Research in Economics, Elsevier, vol. 70(3), pages 421-430.
    4. De Paola, Maria & Scoppa, Vincenzo, 2014. "Media exposure and individual choices: Evidence from lottery players," Economic Modelling, Elsevier, vol. 38(C), pages 385-391.

    More about this item

    Keywords

    lotto; lottery; public finance; gambling;

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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