Tong V. Wang
Number preferences in lotteries
Wang, Tong V.; Potter van Loon, Rogjer J.D.; van den Assem, Martijn J.; van Dolder, Dennie
Authors
Rogjer 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.
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),
Journal Article Type | Article |
---|---|
Acceptance Date | May 24, 2016 |
Online Publication Date | May 31, 2016 |
Publication Date | May 31, 2016 |
Deposit Date | Jun 1, 2016 |
Publicly Available Date | Mar 28, 2024 |
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 |
Keywords | Lotteries, Gambling, Number preference, Colour preference, Implicit egotism, Availability, Position effect, Law of small numbers, Representativeness, Gambler’s fallacy, Hot-hand fallacy |
Public URL | https://nottingham-repository.worktribe.com/output/787889 |
Publisher URL | http://journal.sjdm.org/vol11.3.html |
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Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by/4.0
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