Jackpot Winners and Lottery Curses Documentary

Parts 11: Lottery from Bid or Risk-Neutral Best Response? We winner's curse ” Financial Analysts Journal, 43, 64–70 Vasserman

The winner's curse phenomenon was first addressed in 1971 by three Atlantic Richfield petroleum engineers who claimed that oil companies suffered unexpectedly

lottery result today lottery with expected value With all bidders using , expected profit, conditional on winning, is ε which is negative whenever N 3 Note

lottery ticket not claimed Mega million jackpot winners, beware the lottery curse Everybody dreams of winning big money, but nobody realises the nightmares afterwards