The Gambler's Fallacy in Lottery Play

Book Section (Chapter)

The -gambler's fallacy- is the belief that the probability of an event is lowered when that event has recently occurred, even though the probability of the event is objectively known to be independent from one trial to the next.

Duke Authors

Cited Authors

  • Cook, PJ; Clotfelter, CT

Cited Editors

  • Williams, LV

Published Date

  • 2012

Book Title

  • The Economics Of Gambling And National Lotteries

Published By