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- W2463500953 abstract "Quina Loto is one of the most popular lottery games in Brazil. Prizes are paid as a percentage of each drawing's revenues. After deductions and taxes, 34% of the revenues are destined for the payments of prizes on each drawing, 29% divided among winners and 5% saved in order to contribute for the major prize of the special drawing held annually, in June 24th. Due to the low expected return on investment, lotteries are widely regarded as a bad investment decision. Experience, however, shows that the special drawing might be an exception. In this paper we provide a thorough analysis of a theoretical investment in the special drawing of 2013, considering players' behavior, lesser prizes earnings, effects of the own investment in the jackpot, probabilities of sharing the prizes and outcomes covering methods. Finally, we compare our conclusions against the result of the lottery on June 24th, 2013." @default.
- W2463500953 created "2016-07-22" @default.
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- W2463500953 date "2015-04-01" @default.
- W2463500953 modified "2023-09-25" @default.
- W2463500953 title "SPECIAL LOTTERY DRAWINGS - ANALYSIS OF AN UNCONVENTIONAL INVESTMENT OPPORTUNITY" @default.
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- W2463500953 doi "https://doi.org/10.1590/0101-7438.2015.035.01.0091" @default.
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