Titre :

Extreme events and the cumulative distribution of net gains in gambling and structured products

Auteur(s) :

Vrins, Frédéric [Auteur]
Dispositifs Intégrés et Circuits Electroniques Machine Learning Group [DICE - MLG]
Petitjean, Mikael [Auteur]
Lille économie management - UMR 9221 [LEM]

Titre de la revue :

Applied Economics

Pagination :

6285-6300

Éditeur :

Taylor & Francis (Routledge)

Date de publication :

2018-07-07

ISSN :

0003-6846

Mot(s)-clé(s) en anglais :

Extreme events
ethical communication
distribution of gains
simulations
gambling
lotteries
structured products

Discipline(s) HAL :

Sciences de l'Homme et Société
Sciences de l'Homme et Société/Gestion et management

Résumé en anglais : [en]

We argue that ethical principles in advertising and market communication cannot be properly discovered and applied to gambling without a deep understanding of its probabilistic implications, in particular when extreme ...
Lire la suite >We argue that ethical principles in advertising and market communication cannot be properly discovered and applied to gambling without a deep understanding of its probabilistic implications, in particular when extreme events are influential. We carry out a probabilistic analysis of lottery games with lifetime prizes in order to derive sound recommendations about the pertinent information that should be communicated to nudge gamblers. We propose to focus on the cumulative distribution of net gains, for which there is currently no information available to gamblers. This holds true for structured products in which extreme events matter as well.Lire moins >

Langue :

Anglais

Comité de lecture :

Oui

Audience :

Internationale

Vulgarisation :

Non

Collections :

• Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL