PATTERNS IN THE LOTTERY GAME

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Forum Scientiae Oeconomia Volume 4 (2016) No. 1 70 Journal of Economics 117(3): 775-816. Rabin, M. and Vayanos, D. (2010), The Gambler’s and hot-hand fallacies: theo- ry and applications, Review of Economic Studies 77(2): 730-778. Roger, P. and Broihanne, M. (2007), Efficiency of betting markets and ratio- nality of players: evidence from the French 6/49 lotto, Journal of Applied Statistics 34: 645-662. Terrell, D. (1994), A test of the Gambler’s fallacy: evidence from pari-mutuel games, Journal of Risk and Uncertainty 8(3): 309-317. Tversky, A. and Kahneman, D. (1971), Belief in the law of small numbers, Psy- chological Bulletin 76(2): 105-110. Tversky, A. and Kahneman, D. (1974), Judgement under uncertainty: heuristics and biases, Science 185: 1124-1131. Walker, I. (1998), The economic analysis of lotteries, Economic Policy 13: 359-392. Wikipedia (2015), Randomness, available at: https://en.wikipedia.org/wiki/ Randomness (accessed 01 March 2016).

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