Publication | Open Access
Number preferences in lotteries
29
Citations
82
References
2016
Year
Behavioral Decision MakingGame TheoryAvailable NumbersChoice FormBehavioral Game TheoryDifferent Lottery GamesBiasManagementDecision TheoryMechanism DesignStatisticsPreference ModelingNumeracyGamesPreference AggregationMarketingBehavioral EconomicsNumber PreferencesBusinessGame-theoretic ProbabilityPreference Elicitation
Abstract 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.
| Year | Citations | |
|---|---|---|
Page 1
Page 1