The Gambler’s Fallacy and Gender (2024)

Abstract

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.

OriginalspracheEnglisch
Seiten (von - bis)118-124
Seitenumfang7
Fachzeitschrift
Jahrgang83
Ausgabenummer1
DOIs
PublikationsstatusVeröffentlicht - 2012

ÖFOS 2012

  • 502047 Volkswirtschaftstheorie

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Suetens, S. (2012). The Gambler’s Fallacy and Gender. , 83(1), 118-124. https://doi.org/10.1016/j.jebo.2011.06.017

Suetens, Sigrid ; Tyran, Jean-Robert. / The Gambler’s Fallacy and Gender. in: . 2012 ; Band 83, Nr. 1. S. 118-124.

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title = "The Gambler{\textquoteright}s Fallacy and Gender",

abstract = "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.",

author = "Sigrid Suetens and Jean-Robert Tyran",

year = "2012",

doi = "10.1016/j.jebo.2011.06.017",

language = "English",

volume = "83",

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Suetens, S 2012, 'The Gambler’s Fallacy and Gender', , Jg. 83, Nr. 1, S. 118-124. https://doi.org/10.1016/j.jebo.2011.06.017

The Gambler’s Fallacy and Gender. / Suetens, Sigrid (Korresp. Autor*in); Tyran, Jean-Robert.

in: , Band 83, Nr. 1, 2012, S. 118-124.

Veröffentlichungen: Beitrag in FachzeitschriftArtikelPeer Reviewed

TY - JOUR

T1 - The Gambler’s Fallacy and Gender

AU - Suetens, Sigrid

AU - Tyran, Jean-Robert

PY - 2012

Y1 - 2012

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.

U2 - 10.1016/j.jebo.2011.06.017

DO - 10.1016/j.jebo.2011.06.017

M3 - Article

VL - 83

SP - 118

EP - 124

JO - Journal of Economic Behavior & Organization

JF - Journal of Economic Behavior & Organization

SN - 0167-2681

IS - 1

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Suetens S, Tyran J-R. The Gambler’s Fallacy and Gender. . 2012;83(1):118-124. doi: 10.1016/j.jebo.2011.06.017

The Gambler’s Fallacy and Gender (2024)

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