Better Knowledge Need Not Affect Behavior; A Randomized Evaluation on the Demand for Lottery Tickets in Rural Thailand
Andreas Wagener and
No 282, CID Working Papers from Center for International Development at Harvard University
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.
Keywords: State Lottery; Gambling; Information Intervention; Knowledge; Thailand; Field Experiment (search for similar items in EconPapers)
JEL-codes: D83 C93 O12 D12 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://www.hks.harvard.edu/sites/default/files/ce ... ttery_Vollmer(2).pdf (application/pdf)
Journal Article: Better Knowledge Need Not Affect Behavior: A Randomized Evaluation of the Demand for Lottery Tickets in Rural Thailand (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cid:wpfacu:282
Access Statistics for this paper
More papers in CID Working Papers from Center for International Development at Harvard University 79 John F. Kennedy Street. Contact information at EDIRC.
Bibliographic data for series maintained by Chuck McKenney ().