Journal of Financial Services Research

, Volume 21, Issue 3, pp 219–231 | Cite as

Banking on Gambling: Banks and Lottery-Linked Deposit Accounts

  • Mauro F. Guillén
  • Adrian E. Tschoegl


Deposit accounts that provide an interest return determined by a lottery have proved to be popular around the world. From the point of view of a bank, these products are especially successful among relatively low-income customers, or in markets in which many people are outside the banking system. Below, we describe numerous examples of such accounts, and analyze their economics.

Randomized return lottery behavioral finance. 


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Copyright information

© Kluwer Academic Publishers 2002

Authors and Affiliations

  • Mauro F. Guillén
    • 1
  • Adrian E. Tschoegl
    • 1
  1. 1.The Wharton SchoolUniversity of Pennsylvania

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