Browsing Working Papers by Author "Subrahmanyam, Marti G."
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Uitlity theory and participation in unfair lotteries
Patel, Nitin R.; Subrahmanyam, Marti G. (2010-03-13)This paper provides an alternative explanation for the observed behaviour of individuals, that is consistent with consumer choice theory. The basic hypothesis is that there are certain commodities, mainly luxuries, which ...