Making savers winners: an overview of prize-linked savings products

For over three centuries and throughout the globe, people have enthusiastically bought savings products that incorporate lottery elements. In lieu of paying traditional interest to all investors proportional to their balances, these Prize Linked Savings (PLS) accounts distribute periodic sizeable pa...

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Bibliographic Details
Main Authors: Kearney, M, Tufano, P, Guryan, J, Hurst, E
Format: Conference item
Published: 2010