Verifying the representativeness heuristic: A field experiment with real-life lottery tickets
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- Michal Krawczyk & Joanna Rachubik, 2018. "Verifying the representativeness heuristic: A field experiment with real-life lottery tickets," Natural Field Experiments 00699, The Field Experiments Website.
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Cited by:
- Raman Kachurka & Michał Wiktor Krawczyk, 2020. "Lottery "strategies": monetizing players' behavioral biases," Working Papers 2020-29, Faculty of Economic Sciences, University of Warsaw.
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More about this item
Keywords
decision bias; gambler’s fallacy; gender difference; hot hand fallacy; lottery choice; misperception of randomness; number preference in lotteries; representativeness heuristic;All these keywords.
JEL classification:
- C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBE-2018-01-29 (Cognitive and Behavioural Economics)
- NEP-EXP-2018-01-29 (Experimental Economics)
- NEP-UPT-2018-01-29 (Utility Models and Prospect Theory)
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