Lucky Stores, Gambling, and Addiction: Empirical Evidence from State Lottery Sales

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Jonathan Guryan ; Melissa S. Kearney (2005)
  • Subject:
    • jel: jel:L83 | jel:H3 | jel:H8 | jel:D8

There is a large body of literature in both psychology and economics documenting mistaken perceptions of randomness. In this paper we demonstrate that people appear to believe that "lightning will strike twice" when it comes to lottery jackpots. First, we show that in t... View more
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