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Prize-Linked Savings Games: Theory and Experiment
Jindapon, Paan; Sujarittanonta, Pacharasut; Viriyavipart, Ajalavat (American University of Sharjah, 2018)We introduce a game in which each player can allocate her endowment in a prize-linked savings (PLS) account, which awards a fixed prize only to a randomly chosen winner. Like Tullock's rent-seeking contest, the probability ...