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Behavioral finance / Lottery / Consolation Prizes / Business / Sweepstakes / Prospect theory / Stochastic dominance / Probability / Randomness / Marketing / Decision theory / Probability and statistics
Date: 2014-05-08 23:31:18
Behavioral finance
Lottery
Consolation Prizes
Business
Sweepstakes
Prospect theory
Stochastic dominance
Probability
Randomness
Marketing
Decision theory
Probability and statistics

DENGFENG YAN and A.V. MUTHUKRISHNAN* The present research examines how the inclusion of consolation or token prizes influences consumers’ valuation of a promotional lottery. Results from four experiments show that cons

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