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

Harvard

Suetens, S & Tyran, J-RK 2012, 'The Gambler’s Fallacy and Gender', Journal of Economic Behavior & Organization, vol. 83, no. 1, pp. 118-124. https://doi.org/10.1016/j.jebo.2011.06.017

APA

Suetens, S., & Tyran, J-R. K. (2012). The Gambler’s Fallacy and Gender. Journal of Economic Behavior & Organization, 83(1), 118-124. https://doi.org/10.1016/j.jebo.2011.06.017

Vancouver

Suetens S, Tyran J-RK. The Gambler’s Fallacy and Gender. Journal of Economic Behavior & Organization. 2012 Jun;83(1):118-124. https://doi.org/10.1016/j.jebo.2011.06.017

Author

Suetens, Sigrid ; Tyran, Jean-Robert Karl. / The Gambler’s Fallacy and Gender. In: Journal of Economic Behavior & Organization. 2012 ; Vol. 83, No. 1. pp. 118-124.

Bibtex

@article{263bdbc55d00411fabebe8f2c824ebc6,
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.",
keywords = "Faculty of Social Sciences, Lottery gambling, Gender, Gambler's fallacy",
author = "Sigrid Suetens and Tyran, {Jean-Robert Karl}",
note = "JEL Classification: D03, D81, D84, J16",
year = "2012",
month = jun,
doi = "10.1016/j.jebo.2011.06.017",
language = "English",
volume = "83",
pages = "118--124",
journal = "Journal of Economic Behavior & Organization",
issn = "0167-2681",
publisher = "Elsevier",
number = "1",

}

RIS

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