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Losers distribution, with applications to financial inclusion: Lightning can strike twice, but it may not strike at all

John Edwards ()

No 1905, Working Papers from Tulane University, Department of Economics

Abstract: This paper develops the "Losers distribution" a new discrete probability distribution that describes the number of losers in a k-player game with n-fold identical trials. The problem of financial inclusion demonstrates its application. Fair subsidized lotteries are proposed as a complement to microfinance for providing financing to the poor.

Keywords: Financial Exclusion; Inequality; Financial Market Failure; Income Distribution; Poverty; Lotteries (search for similar items in EconPapers)
JEL-codes: C1 G1 H4 O1 (search for similar items in EconPapers)
Date: 2019-04
New Economics Papers: this item is included in nep-fle and nep-mfd
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