Table 2

Impact of lottery wins and losses

OutcomeStatustMeanS.E.C.I.Effect size
Total transaction amountLose05,254562(4,143, 6,377)0.23
12,229613(998, 3,415)0.09
22,598591(1,461, 3,768)0.11
32,671561(1,632, 3,757)0.12
42,221564(1,087, 3,304)0.10
Win06,061555(4.988, 7,111)0.27
12,958633(1,683, 4,201)0.12
23,310601(2,112, 4,447)0.14
33,198568(2,073, 4,333)0.14
42,468582(1,311, 3,613)0.11
Number of transactionsLose01.580.24(1.11, 2.05)0.18
10.920.26(0.42, 1.41)0.10
21.060.25(0.59, 1.55)0.10
31.020.24(0.51, 1.46)0.10
40.960.24(0.48, 1.44)0.10
Win02.330.24(1.89, 2.78)0.27
11.400.26(0.89, 1.90)0.14
21.680.25(1.20, 2.18)0.16
31.420.25(0.91, 1.88)0.14
41.130.24(0.68, 1.62)0.12

Note(s): S.E.: Standard error. C.I.: 95% Confidence interval. Effect size indicates Hedges' g (Hedges, 1981)

Source(s): Authors’ own work

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