Suetens, Sigrid; Tyran, J.R. - Tilburg University, Center for Economic Research - 2011
The “gambler’s fallacy” is the false belief that a random event is less likely to occur if the event has occurred … in the gambler’s fallacy using data from the Danish state lottery. Our data set is unique in that we track individual … 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 …