Abstract
The experimental results of the paper reveal that people do not take into consideration opportunity costs or opportunity profits when buying and short selling lottery tickets. These results are inconsistent with basic economic and finance theories.
Original language | English |
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Pages (from-to) | 122-124 |
Number of pages | 3 |
Journal | Economics Letters |
Volume | 112 |
Issue number | 1 |
DOIs | |
State | Published - 1 Jul 2011 |
Keywords
- Auction
- Experiment
- Opportunity cost
- Short selling
ASJC Scopus subject areas
- Finance
- Economics and Econometrics