An analysis of Lotto entries shows many players gravitate to the same number combinations, increasing prize sharing and reducing value.
Articles on Lottery
Displaying 1 - 20 of 22 articles
Lotteries may be fair in theory, but new research shows people prefer expert committees to decide who gets scarce medical treatment.
Offering people the chance to win a prize instead of only receiving their deposit back could incentivize more people to recycle more often.
Squandering all that money is easier than it seems.
A lottery jackpot being won by 433 people in the Phillipines has raised accusations of foul play. Then again – such outcomes usually do.
New research shows that humans don’t necessarily have unlimited wants, and that an ‘ideal life’ costs less than you might think.
Would £184 million make you any happier?
The Mega Millions lotto pot for Jan. 15 is the second largest it’s ever been. Taxes on the lotto go to state governments, but often the money isn’t spent in quite the way it’s supposed to be.
Winning big often involves looking for the opportunities that are the opposite of what everyone else is doing.
A lucky South Carolinian came forward to claim the $1.5 billion Mega Millions jackpot. Academic research has some suggestions about what the winner should do next.
The lottery’s jackpot has swelled to that eye-watering sum, but research suggests hopeful ticket holders should be careful what they wish for.
Lotteries purportedly generate money to support public education. Jackpots are getting bigger and bigger – but states don’t seem to be spending any more on education.
With some big prizes are on offer in the latest competition from the fast food giant, best to see what the numbers say.
If winning first division in the lotto is very unlikely, why is playing so popular?
Saying they are is to dangerously misunderstand the limits of scientific enquiry.
Lottery-linked accounts helped England wage its Nine Years’ War in the 17th century. Could it help the rest of us save more money today?
Coming into a fortune is definitely not the route to happiness. Here’s what you can do to stay chipper.
The math behind all the probabilities being discussed for tonight’s Powerball drawing assumes each number is equally likely to be chosen. Is that what really happens?
A mathematician looks at the odds.
At first glance, US$1.5 billion seems like a lot of money. But that’s before taxes and a tendency for winners to spend it unwisely.
Top contributors
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Associate Professor of Business, Boston University
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Professor of the Practice of Data Science, Washington University in St. Louis
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Lecturer in the Discipline of Psychology, James Cook University
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Director of the International Gaming Research Unit and Professor of Behavioural Addiction, Nottingham Trent University
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Associate Professor in Applied Mathematics, The University of Melbourne
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Associate Professor, Department of Biostatistics, University at Buffalo
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Postgraduate Student, Monash University
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Prize fellow and EPSRC research fellow in probability, University of Bath
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Teaching Associate, Monash University
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Associate Professor of Strategy and Behavioural Science, Imperial College London
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Professor of Clinical Psychology, University of Liverpool
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Professor Emeritus of Finance, University of Otago
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Professor in Computing, University of Otago
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Professor of Economics, Nanyang Technological University
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Reader in Psychology, University of Bath