ScratchOffsNY
Glossary ·

Prospect Theory Utility

Behavioral-economics adjustment that weights large jackpots more than expected value alone implies.

Full Definition

Players are not pure expected-value maximizers — they overweight low-probability large prizes. ScratchOffsNY's Upside factor uses a Kahneman-Tversky utility curve so Smart Score reflects how players actually value tickets, not just raw EV.

Where this is used on ScratchOffsNY

Related Terms

Data sourced from nylottery.ny.gov and NY Open Data. Independent, non-commercial project. Play responsibly — NY Problem Gambling · 1-877-8-HOPENY.