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Number preferences in lotteries

Author

Listed:
  • Tong V. Wang
  • Rogier J. D. Potter van Loon
  • Martijn J. van den Assem
  • Dennie van Dolder

Abstract

We explore people’s preferences for numbers in large proprietary data sets from two different lottery games. We find that choice is far from uniform, and exhibits some familiar and some new tendencies and biases. Players favor personally meaningful and situationally available numbers, and are attracted towards numbers in the center of the choice form. Frequent players avoid winning numbers from recent draws, whereas infrequent players chase these. Combinations of numbers are formed with an eye for aesthetics, and players tend to spread their numbers relatively evenly across the possible range.

Suggested Citation

  • Tong V. Wang & Rogier J. D. Potter van Loon & Martijn J. van den Assem & Dennie van Dolder, 2016. "Number preferences in lotteries," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 11(3), pages 243-259, May.
  • Handle: RePEc:jdm:journl:v:11:y:2016:i:3:p:243-259
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    Cited by:

    1. Michał Wiktor Krawczyk & Joanna Rachubik, 2018. "Verifying the representativeness heuristic: A field experiment with real-life lottery tickets," Working Papers 2018-03, Faculty of Economic Sciences, University of Warsaw.
    2. Jan Kabátek & David C. Ribar, 2016. "Not Your Lucky Day: Romantically and Numerically Special Wedding Date Divorce Risks," Melbourne Institute Working Paper Series wp2016n28, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    3. repec:eee:joreco:v:31:y:2016:i:c:p:313-322 is not listed on IDEAS

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