Publication: Better Knowledge Need Not Affect Behavior: A Randomized Evaluation on the Demand for Lottery Tickets in Rural Thailand
No Thumbnail Available
Open/View Files
Date
2014-04
Published Version
Published Version
Journal Title
Journal ISSN
Volume Title
Publisher
Center for International Development at Harvard University
The Harvard community has made this article openly available. Please share how this access benefits you.
Citation
Zenker, Juliane, Andreas Wagener, and Sebastian Vollmer. “Better Knowledge Need Not Affect Behavior: A Randomized Evaluation on the Demand for Lottery Tickets in Rural Thailand.” CID Working Paper Series 2014.282, Harvard University, Cambridge, MA, April 2014.
Research Data
Abstract
Despite the poor odds, low-income households in rural Thailand spend significant amounts on tickets of the Thai Government Lottery. One explanation might be that, due to lack of information about the properties of the game, the prospects of winning are upwardly biased. This would imply that an improved understanding of the actual odds should curb the demand for lottery tickets. We test this hypothesis in a randomized-controlled experiment in which we informed treated participants about the probability distribution of the Thai Government Lottery. The intervention leads to more precise perceptions of the lottery’s probability distribution. However, the willingness to pay for lottery tickets is not affected by this better knowledge. Non-cognitive aspects apparently play a more important role for participation decisions.
Description
Other Available Sources
Keywords
Terms of Use
This article is made available under the terms and conditions applicable to Other Posted Material (LAA), as set forth at Terms of Service