Measuring the Output and Prices of the Lottery Sector: An Application of Implicit Expected Utility Theory
Published Date
Copyright 2009
ISBN 9780226148557
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Copy CitationKam Yu, Price Index Concepts and Measurement (University of Chicago Press, 2009), chap. 10, https://www.nber.org/books-and-chapters/price-index-concepts-and-measurement/measuring-output-and-prices-lottery-sector-application-implicit-expected-utility-theory.
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Published From Paper
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Working Paper
Using implicit expected utility theory, a money metric of utility derived from playing a lottery game is developed....