The Gambler’s Fallacy and Gender
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The Gambler’s Fallacy and Gender. / Suetens, Sigrid; Tyran, Jean-Robert Karl.
In: Journal of Economic Behavior & Organization, Vol. 83, No. 1, 06.2012, p. 118-124.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - The Gambler’s Fallacy and Gender
AU - Suetens, Sigrid
AU - Tyran, Jean-Robert Karl
N1 - JEL Classification: D03, D81, D84, J16
PY - 2012/6
Y1 - 2012/6
N2 - The “gambler's fallacy” is the false belief that a random event is less likely to occur if the event has occurred recently. Such beliefs are false if the onset of events is in fact independent of previous events. We study gender differences in the gambler's fallacy using data from the Danish state lottery. Our data set is unique in that we track individual players over time which allows us to investigate how men and women react with their number picking to outcomes of recent lotto drawings. We find evidence of gambler's fallacy for men but not for women. On average, men are about 1% less likely to bet on numbers drawn in the previous week than on numbers not drawn. Women do not react significantly to the previous week's drawing outcome.
AB - The “gambler's fallacy” is the false belief that a random event is less likely to occur if the event has occurred recently. Such beliefs are false if the onset of events is in fact independent of previous events. We study gender differences in the gambler's fallacy using data from the Danish state lottery. Our data set is unique in that we track individual players over time which allows us to investigate how men and women react with their number picking to outcomes of recent lotto drawings. We find evidence of gambler's fallacy for men but not for women. On average, men are about 1% less likely to bet on numbers drawn in the previous week than on numbers not drawn. Women do not react significantly to the previous week's drawing outcome.
KW - Faculty of Social Sciences
KW - Lottery gambling
KW - Gender
KW - Gambler's fallacy
U2 - 10.1016/j.jebo.2011.06.017
DO - 10.1016/j.jebo.2011.06.017
M3 - Journal article
VL - 83
SP - 118
EP - 124
JO - Journal of Economic Behavior & Organization
JF - Journal of Economic Behavior & Organization
SN - 0167-2681
IS - 1
ER -
ID: 43870619