Number preferences in lotteries

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 a...

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Main Authors: Wang, Tong V., Potter van Loon, Rogjer J.D., van den Assem, Martijn J., van Dolder, Dennie
Format: Article
Published: European Association for Decision Making 2016
Subjects:
Online Access:https://eprints.nottingham.ac.uk/33676/
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author Wang, Tong V.
Potter van Loon, Rogjer J.D.
van den Assem, Martijn J.
van Dolder, Dennie
author_facet Wang, Tong V.
Potter van Loon, Rogjer J.D.
van den Assem, Martijn J.
van Dolder, Dennie
author_sort Wang, Tong V.
building Nottingham Research Data Repository
collection Online Access
description 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.
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institution University of Nottingham Malaysia Campus
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publishDate 2016
publisher European Association for Decision Making
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spelling nottingham-336762020-05-04T17:49:23Z https://eprints.nottingham.ac.uk/33676/ Number preferences in lotteries Wang, Tong V. Potter van Loon, Rogjer J.D. van den Assem, Martijn J. van Dolder, Dennie 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. European Association for Decision Making 2016-05-31 Article PeerReviewed Wang, Tong V., Potter van Loon, Rogjer J.D., van den Assem, Martijn J. and van Dolder, Dennie (2016) Number preferences in lotteries. Judgment and Decision Making, 11 (3). pp. 243-259. ISSN 1930-2975 Lotteries Gambling Number preference Colour preference Implicit egotism Availability Position effect Law of small numbers Representativeness Gambler’s fallacy Hot-hand fallacy http://journal.sjdm.org/vol11.3.html
spellingShingle Lotteries
Gambling
Number preference
Colour preference
Implicit egotism
Availability
Position effect
Law of small numbers
Representativeness
Gambler’s fallacy
Hot-hand fallacy
Wang, Tong V.
Potter van Loon, Rogjer J.D.
van den Assem, Martijn J.
van Dolder, Dennie
Number preferences in lotteries
title Number preferences in lotteries
title_full Number preferences in lotteries
title_fullStr Number preferences in lotteries
title_full_unstemmed Number preferences in lotteries
title_short Number preferences in lotteries
title_sort number preferences in lotteries
topic Lotteries
Gambling
Number preference
Colour preference
Implicit egotism
Availability
Position effect
Law of small numbers
Representativeness
Gambler’s fallacy
Hot-hand fallacy
url https://eprints.nottingham.ac.uk/33676/
https://eprints.nottingham.ac.uk/33676/