Banking on Gambling: Banks and Lottery-Linked Deposit Accounts

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Management Papers
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randomized return
lottery
behavioral finance
Finance and Financial Management
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Guillén, Mauro F
Tschoegl, Adrian E
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Deposit accounts that provide an interest return determined by a lottery have proved to be popular around the world. From the point of view of a bank, these products are especially successful among relatively low-income customers, or in markets in which many people are outside the banking system. Below, we describe numerous examples of such accounts, and analyze their economics.

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2002-01-01
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Journal of Financial Services Research
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