Lottery Tickets - To Swap, Or Not To Swap?

Friday, October 19, 2012 - 09:40 in Psychology & Sociology

If you had just bought a lottery ticket, would you be willing to swap it? If you’re like most people, the answer would be an emphatic ‘No’. But why? Given that a properly-run lottery is an entirely random affair, mathematical theory dictates that your chances of winning won’t change whether you swap or not. read more

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