Search results for keyword: lottery
contingency theory
The theory of probability, or the ‘accidental’ theory, is a mathematical concept which has a direct application to the physical sciences. This form of reasoning is used to explain an event or series of events which have an outcome or result that is statistically predictable, but which cannot be ......
1050 
Oliver
positive bias model
Introduction
Reverse bias model was first introduced by Daniel Kahneman in the 1970s. This model is based on the concept of heuristics, which are the mental shortcuts that people engage in when making decisions. Reverse bias occurs when heuristics lead people to make decisions that are not refle......
Kunming Shenhui Company
Kunming Shenhui Company is a professional firm based in Kunming, Yunnan province, China, specialized in providing comprehensive services for customers worldwide. The firm was founded more than two decades ago by two leading entrepreneurs, Mr. Xie and Mr. Li, who are still involved in the operation......
Wuxi lottery Group
Wuxi Zhongcai Group
Wuxi Zhongcai Group is a comprehensive home-focus enterprise founded in 2006 in Wuxi, Jiangsu Province. It is one of the largest integrated home improvement companies in China. It is specialized in the R&D, manufacture and sale of furniture, decorative materials and home decor......
Weber-Feller law
Weber-Fechner Law
Weber-Fechner Law is a law in psychophysics which deals with relationships between physical stimulus intensity and the perceptual intensity or experience of the stimulus as rated by a subject. This law states that the magnitude of a sensation increases proportionally with the ma......
consumer fraud
Introduction
Consumers fraud is a form of financial fraud that involves a person or organization deceiving another person or organization in order to gain financial advantage. It is one of the most serious financial crimes and can potentially cause tremendous financial losses. Victims of consumer......
lottery choice experiment
lottery ticket selection Experiment
In recent years, lottery ticket sales have experienced a rapid increase, as people have become more aware of the entertainment value of purchasing a ticket and the potential rewards they could gain from winning. This, in combination with the ease of purchasing ......
lottery Paradox
lottery Paradox
The lottery Paradox has been around for centuries and remains one of the most perplexing paradoxes in mathematics and probability theory. In short, the lottery Paradox states that a person is considered more likely to win a lottery if he buys a ticket than if he does not buy one a......
non-tax income
Non-Tax Revenues
Non-tax revenues are a substantial and diverse source of income to a countrys government. It generally involves funds raised through the sale of goods and services, fees and charges, and appropriation of funds. Non-tax revenues are yet another way of financing government services......
Fermat's little law
The Birthday Paradox and the Pigeonhole Principle
The Birthday Paradox and the Pigeonhole Principle are two mathematical principles that are closely related. Both are related to statistics, probability, and combinatorics. The Birthday Paradox states that in a group of at least 23 randomly chosen ......
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