Lotteries in the real world
Published
Journal Article
Observed 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. © 1991 Kluwer Academic Publishers.
Full Text
Duke Authors
Cited Authors
- Clotfelter, CT; Cook, PJ
Published Date
- July 1, 1991
Published In
Volume / Issue
- 4 / 3
Start / End Page
- 227 - 232
Electronic International Standard Serial Number (EISSN)
- 1573-0476
International Standard Serial Number (ISSN)
- 0895-5646
Digital Object Identifier (DOI)
- 10.1007/BF00114154
Citation Source
- Scopus