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Results 1 - 10
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31
Electronic lottery tickets as micropayments
- In Financial Cryptography
, 1997
"... Abstract. We present a new micropayment scheme based on the use of "electronic lottery tickets. " This scheme is exceptionally efficient since the bank handles only winning tickets, instead of handling each micropayment. 1 Introduction We present a paradigm for micropayments: proba ..."
Abstract
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Cited by 38 (1 self)
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to process each payment, since the bank only sees the "winners. " From a bank's point of view, lottery tickets are significantly more efficient than all previously known micropayment schemes.
The Ticket to Easy Street? The Financial Consequences of Winning the Lottery
, 2008
"... Does receiving large cash prizes of up to $150,000 reduce bankruptcy? While one might hope that additional resources help individuals avert bankruptcy, there are reasons why this may not be the case. For example, if recipients have high discount rates, engage in mental accounting, or become accustom ..."
Abstract
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Cited by 10 (1 self)
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accustomed to a more expensive lifestyle, then receipt of large lump sums may have no e¤ect on or even increase future bankruptcy …lings. To address this question, we exploit a unique dataset of Florida lottery winners from 1993 –2002 linked to bankruptcy records. Under the identifying assumption
What Numbers to Choose for My Lottery Ticket? Behavior Anomalies in the Chinese Online Lottery Market
, 2012
"... The Chinese Online Lottery Game provides field evidence of three anomalies. The first anomaly, which has previously not been documented when there is a financial incentive to overcome, is the guidance effect. Because the lottery game bases on pari-mutuel rule, that is, a bettor who wins the game sha ..."
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The Chinese Online Lottery Game provides field evidence of three anomalies. The first anomaly, which has previously not been documented when there is a financial incentive to overcome, is the guidance effect. Because the lottery game bases on pari-mutuel rule, that is, a bettor who wins the game
Efficient Enumeration of All Ladder Lotteries
, 2008
"... A ladder lottery, known as “Amidakuji ” in Japan, is a common way to choose one winner or to make an assignment randomly in Japan. Formally, a ladder lottery L of a permutation π = (x1, x2,..., xn) is a network with n vertical lines (lines for short) and many horizontal lines (bars for short) connec ..."
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A ladder lottery, known as “Amidakuji ” in Japan, is a common way to choose one winner or to make an assignment randomly in Japan. Formally, a ladder lottery L of a permutation π = (x1, x2,..., xn) is a network with n vertical lines (lines for short) and many horizontal lines (bars for short
1. THE LOTTERY PARADOX
"... The lottery paradox occurs when we combine two plausible claims about epistemic justification: Probability claim: If A’s evidence makes p exceedingly likely, then A has justification for believing p. Conjunction claim: If A has justification for believing p, and A has justification for believing q, ..."
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The lottery paradox occurs when we combine two plausible claims about epistemic justification: Probability claim: If A’s evidence makes p exceedingly likely, then A has justification for believing p. Conjunction claim: If A has justification for believing p, and A has justification for believing q
Publicly Verifiable Lotteries: Applications of Delaying Functions
- In Financial Crypto ’98, LNCS 1465
, 1998
"... This paper uses delaying functions, functions that require significant calculation time, in the development of a one-pass lottery scheme in which winners are chosen fairly using only internal information. Since all this information may be published (even before the lottery closes), anyone can do the ..."
Abstract
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Cited by 14 (2 self)
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This paper uses delaying functions, functions that require significant calculation time, in the development of a one-pass lottery scheme in which winners are chosen fairly using only internal information. Since all this information may be published (even before the lottery closes), anyone can do
Risk-Bearing in a Winner-Take-All Contest
"... A parsimonious model is used to explore the risk-bearing decision under a payoff structure that em-phasizes relative performance. Equilibrium betting amounts are derived for players who start with un-equal endowments and face a lottery that offers either a positive or negative expected return. If th ..."
Abstract
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equilibrium it is the disadvantaged who make the larger bets. If the lottery offers positive expected return, there are equi-libria in which the advantaged invest less than the disadvantaged, but full investment by all players is a more robust equilibrium. 1.
Estimating the Frequency Distribution of the Numbers Bet on the California Lottery
, 1993
"... Several schemes are proposed to estimate the relative frequencies of the individual numbers bet on the (California) lottery. The hypothesis that the small numbers are bet more frequently than the large ones is tested, and evidence supporting the hypothesis is presented. A computation is proposed whi ..."
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jackpot grew to an amount of $27,007,364, resulting in an unprecedented volume of ticket sales. A consortium of Australian investors came to Virginia in an attempt to purchase all 7,059,052 possible ticket combinations, and were successful in winning the lottery, although they had been able to purchase
MARK LUTTER BOOK REVIEW: WINNING A LOTTERY BRINGS NO HAPPINESS!
"... Does money make people happy? The authors of the book un-der review pose this old but still popular question. They address it by choosing a quite unusual but from another perspective obvious stand: to study the lives of lottery-winning millionaires. For many people, a lottery win is a lot more than ..."
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Does money make people happy? The authors of the book un-der review pose this old but still popular question. They address it by choosing a quite unusual but from another perspective obvious stand: to study the lives of lottery-winning millionaires. For many people, a lottery win is a lot more than
Design and Implementation of a Secure Online Lottery System
"... Abstract. Government has the authority to operate lottery schemes. Since the operation of the lottery system is controlled by the government, there are issues with public trust. The people may speculate that the lottery is rigged. This issue becomes critical with an online lottery system since the ..."
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Abstract. Government has the authority to operate lottery schemes. Since the operation of the lottery system is controlled by the government, there are issues with public trust. The people may speculate that the lottery is rigged. This issue becomes critical with an online lottery system since
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