英文摘要 |
This paper focuses on the change in the selection behavior of lottery players in Taiwan. First, we test the structural change in the time series of the sales to find the break point of the selection strategy. By estimating a generalized rollover probability function set by Scoggins (1995),we indicate that the lottery players initially pick numbers byway of conscious selection and later change their behavior to random selection. The results also show the demand elasticity under conscious selection is significantly larger than that under randomselection, and both are larger than 1. |