Paradoxes Of Gambling Behaviou

Paradoxes Of Gambling Behaviou

  • Electronic book text

List price: US$44.95

Currently unavailable

We can notify you when this item is back in stock

Add to wishlist

AbeBooks may have this title (opens in new window).

Try AbeBooks

Description

Why does a large proportion of the population engage in some form of gambling, although they know they are most likely to lose, and 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 are most aware that systematic losses cannot be avoided, are the least likely to stop gambling. Detailed analyses of actual gambling behaviour have shown gamblers to be victims of a variety of cognitive illusions, which lead them to believe that the general statistical rules of determining the probability of loss do not apply to them as individuals. The designers of gambling games cleverly exploit these illusions in order to promote a false perception of the situation.


Much of the earlier interest in gambling behaviour has been centred on the traditional theories of human decision-making, where decisions are portrayed as choices among bets. This led to a tradition of studying decision-making in experiments on betting. In this title, originally published in 1988, the author argues that betting behaviour should not be used as a typical example of human decision-making upon which a general psychological theory could be founded, and that these traditional views can in no way account for the gambling behaviour reported in this book.
show more

Product details

  • Electronic book text | 136 pages
  • ROUTLEDGE
  • London, United Kingdom
  • 1134879369
  • 9781134879366

Table of contents

Foreword 1. Theoretical Contexts 2. Blackjack: The Game Players Refuse to Win 3. Objectives of Blackjack Players 4. Roulette: The Game Players Should Not Hope to Win 5. Lotteries: Big Prizes and Small Expectations 6. Games of Chance and Games of Skill 7. Chance and Luck 8. Theoretical Explanations. References. Author Index. Subject Index.
show more