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