Construct · 1 fields · 1 citations

subjective relative income and lottery purchases: a standalone construct

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subjective relative incomeand lottery purchases1 CONSTRUCTSubjective relativeHAISLEY · BEHAVIORAL ECONOMICS

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Behavioral economics

people buying more lottery tickets when made to feel poor relative to others, as lotteries seem a rare chance to get ahead.

In behavioral economics, subjective relative income and lottery purchases refers to people buying more lottery tickets when made to feel poor relative to others, as lotteries seem a rare chance to get ahead. This meaning comes from Haisley (2008) in Journal of Behavioral Decision Making.[1]

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chance4 fields · 6 citationsjingle · one word, four constructs

References

  1. Haisley, E., Mostafa, R., & Loewenstein, G. (2008). Subjective relative income and lottery ticket purchases. Journal of Behavioral Decision Making, 21(3), 283-295. https://doi.org/10.1002/bdm.588

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