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RESEARCH PRODUCT

Cognitive Biases and Decision Making in Gambling

Mariano Chóliz

subject

AdultMaleMotivationIllusion of controlmedia_common.quotation_subjectDecision MakingIllusionDiceIllusionsRepresentativeness heuristicCognitive biasInternal-External ControlGame of chanceYoung AdultGamblingHumansFemaleProbability LearningHeuristicsPsychologySocial psychologyInternal-External ControlGeneral Psychologymedia_common

description

Heuristics and cognitive biases can occur in reasoning and decision making. Some of them are very common in gamblers (illusion of control, representativeness, availability, etc.). Structural characteristics and functioning of games of chance favor the appearance of these biases. Two experiments were conducted with nonpathological gamblers. The first experiment was a game of dice with wagers. In the second experiment, the participants played two bingo games. Specific rules of the games favored the appearance of cognitive bias (illusion of control) and heuristics (representativeness and availability) and influence on the bets. Results and implications for gambling are discussed.

yearjournalcountryeditionlanguage
2010-10-07Psychological Reports
https://doi.org/10.2466/02.09.18.22.pr0.107.4.15-24