Paradoxes of gambling behaviour
Author(s)
Bibliographic Information
Paradoxes of gambling behaviour
（Essays in cognitive psychology）
L. Erlbaum Associates, c1988
Available at / 18 libraries
-
No Libraries matched.
- Remove all filters.
Note
Bibliography: p. 119-122
Includes indexes
Description and Table of Contents
Description
Investigates the paradox of why a large proportion of the population engages in some form of gambling, despite the knowledge that they are most likely to lose, and even when they know that the gambling industry makes huge profits. Do gamblers simply accept their losses as fate or do they believe that they will be able to overcome the negative odds in some miraculous way? The paradox is complicated by the fact that those habitual gamblers who know best the systematic losses cannot be avoided, are the least likely to stop gambling. Detailed analysis of actual gambling behaviour has shown that gamblers are the victims of a variety of cognitive illusions, which lead them to believe that the general statistical rules determining the probability of loss do not apply to them as individuals.
Table of Contents
- Theoretical contexts
- blackjack
- the game that players refuse to win
- objectives of blackjack players
- roulette
- the game players should not hope to win
- lotteries
- big prizes and small expectations
- chance and skill
- chance and luck
- theoretical explanations.
by "Nielsen BookData"
