Do consumers gamble to convexify?
The combination of credit constraints and indivisible consumption goods may induce some risk-averse individuals to gamble to have a chance of crossing a purchasing threshold. This idea has been demonstrated theoretically, but not explored empirically. We test this idea by focusing on a key implicati...
| Main Authors: | , , |
|---|---|
| Format: | Journal article |
| Published: |
Elsevier
2016
|