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Persistent link: https://www.econbiz.de/10011397747
We provide evidence that sellers respond to buyers' belief biases in a collective lottery betting market, by adopting sales strategies which cater to believers in the Hot Hand and Gambler's Fallacies. Lottery players on the buyer side tend to avoid buying tickets which are similar to the...
Persistent link: https://www.econbiz.de/10013004123