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Shawn Cole

Video: How to Play the Lottery Without Losing

Can we fight the poverty trap with new savings accounts that offer raffle tickets instead of interest?

Researchers: Shawn Cole, Benjamin Iverson and Peter Tufano

March 17, 2016

Finance & Accounting

Using the Lure of a Lottery to Spur Savings

Now legal in the US, prize-linked savings accounts use the excitement of a jackpot drawing to encourage people to grow savings.

Researchers: Shawn Cole, Benjamin Iverson and Peter Tufano