Management Papers
Document Type
Journal Article
Date of this Version
2002
Publication Source
Journal of Financial Services Research
Volume
21
Issue
3
Start Page
219
Last Page
231
DOI
10.1023/A:1015081427038
Abstract
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.
Keywords
randomized return, lottery, behavioral finance
Recommended Citation
Guillén, M. F., & Tschoegl, A. E. (2002). Banking on Gambling: Banks and Lottery-Linked Deposit Accounts. Journal of Financial Services Research, 21 (3), 219-231. http://dx.doi.org/10.1023/A:1015081427038
Date Posted: 27 November 2017
This document has been peer reviewed.