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Number preferences in lotteries

Wang, Tong V.; Potter van Loon, Rogjer J.D.; van den Assem, Martijn J.; van Dolder, Dennie

Authors

Tong V. Wang t.wang@ese.eur.nl

Rogjer J.D. Potter van Loon pottervanloon@ese.eur.nl

Martijn J. van den Assem m.j.vanden.assem@vu.nl

Dennie van Dolder dennie.vandolder@nottingham.ac.uk



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.

Journal Article Type Article
Publication Date May 31, 2016
Journal Judgment and Decision Making
Print ISSN 1930-2975
Electronic ISSN 1930-2975
Publisher Society for Judgment and Decision Making
Peer Reviewed Peer Reviewed
Volume 11
Issue 3
APA6 Citation Wang, T. V., Potter van Loon, R. J., van den Assem, M. J., & van Dolder, D. (2016). Number preferences in lotteries. Judgment and Decision Making, 11(3),
Keywords Lotteries, Gambling, Number preference, Colour preference, Implicit egotism, Availability, Position effect, Law of small numbers, Representativeness, Gambler’s fallacy, Hot-hand fallacy
Publisher URL http://journal.sjdm.org/vol11.3.html
Copyright Statement Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by/4.0

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Copyright Statement
Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by/4.0





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