The British gambler's fallacy

C-Tier
Journal: Applied Economics
Year: 2004
Volume: 36
Issue: 18
Pages: 2073-2077

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

People facing choices under uncertainty, and gamblers in particular, are often subject to statistical fallacies. This paper explores the hypothesis that if lotto players were subject to the 'gambler's fallacy', predictable fluctuations in the number of jackpots would occur. Evidence, based on a Poisson regression model in which the number of winning bets is conditional on the history of draws, indicates that number selection in the UK is only marginally affected by the history of draws.

Technical Details

RePEc Handle
repec:taf:applec:v:36:y:2004:i:18:p:2073-2077
Journal Field
General
Author Count
1
Added to Database
2026-01-28