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Statistical auditing and randomness test of lotto k/N-type games

Author

Listed:
  • Coronel-Brizio, H.F.
  • Hernández-Montoya, A.R.
  • Rapallo, F.
  • Scalas, E.

Abstract

One of the most popular lottery games worldwide is the so-called “lotto k/N”. It considers N numbers 1,2,…,N from which k are drawn randomly, without replacement. A player selects k or more numbers and the first prize is shared amongst those players whose selected numbers match all of the k randomly drawn. Exact rules may vary in different countries.

Suggested Citation

  • Coronel-Brizio, H.F. & Hernández-Montoya, A.R. & Rapallo, F. & Scalas, E., 2008. "Statistical auditing and randomness test of lotto k/N-type games," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 387(25), pages 6385-6390.
    • Handle: RePEc:eee:phsmap:v:387:y:2008:i:25:p:6385-6390
    DOI: 10.1016/j.physa.2008.07.017
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    References listed on IDEAS

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    1. Chen, Shu-Heng & Chie, Bin-Tzong, 2008. "Lottery markets design, micro-structure, and macro-behavior: An ACE approach," Journal of Economic Behavior & Organization, Elsevier, vol. 67(2), pages 463-480, August.
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