Lotteries in the Real World
AbstractObserved patterns of lottery play suggest that many players believe they can improve their chance of winning by adjusting their bets according to which numbers have won in recent drawings, or in response to their dreams or other portents. This skill orientation is encouraged by state lottery advertising, which tends to be misleading in other respects as well. Patterns of lottery play and the content of lottery commercials provide readily available illustrations of psychological tendencies in risky decision-making that have been documented in laboratory experiments. Copyright 1991 by Kluwer Academic Publishers
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Bibliographic InfoArticle provided by Springer in its journal Journal of Risk and Uncertainty.
Volume (Year): 4 (1991)
Issue (Month): 3 (July)
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- Mauro Guillén & Adrian Tschoegl, 2002.
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- Martin Kocher & Michal Krawczyk & Frans van Winden, 2009. "'Let me dream on!' Anticipatory Emotions and Preference for Timing in Lotteries," Tinbergen Institute Discussion Papers 09-098/1, Tinbergen Institute.
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