According to _______________, if you suddenly won the lottery, you would spend only a small part of your winnings right away.

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18-08-2022
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According to _______________, if you suddenly won the lottery, you would spend only a small part of your winnings right away.

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YashikaChoudhary YashikaChoudhary · Answer 1 · 2022-08-24T23:00:31+02:00

According to the The Permanent Income Hypothesis states that if you won the lotto unexpectedly, you would only spend a tiny portion of your money immediately away.

Permanent Income Hypothesis

An economics model to explain how spending habits emerge is known as the perpetual income hypothesis. It implies that consumption habits are created by smoothing and future expectations.

What might a perpetual income look like?

For instance, a person who anticipates receiving a bonus at the end of a specific year may choose to cut back on consumption or invest the extra money.
As a result, a person has two options: either increase their spending on products and services for consumption, or put the extra money toward long-term investment opportunities.

To learn more about Permanent Income Hypothesis, Click the links.

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