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Direct and indirect effects of pathological gambling on risk attitudes

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Author Info
Pablo Branas-Garza,
Nikolaos Georgantzis
Pablo Guillen

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Abstract

We study individual decision making in a lottery-choice task performed by three different populations: gamblers under psychological treatment ("addicts"), gamblers' spouses ("victims"), and people who are neither gamblers or gamblers' spouses ("normals"). We find that addicts are willing to take less risk than normals, but the difference is smaller as a gambler's time under treatment increases. The large majority of victims report themselves unwilling to take any risk at all. However, addicts in the first year of treatment react more than other addicts to the different values of the risk-return parameter.

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Publisher Info
Article provided by Society for Judgment and Decision Making in its journal Judgment and Decision Making.

Volume (Year): 2 (2007)
Issue (Month): (April)
Pages: 126-136
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Handle: RePEc:jdm:journl:v:2:y:2007:i::p:126-136

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Related research
Keywords: risky decision making; pathological gambling; attraction and repulsion to chance.\bigskip;

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  1. Sabater-Grande, Gerardo & Georgantzis, Nikolaos, 2002. "Accounting for risk aversion in repeated prisoners' dilemma games: an experimental test," Journal of Economic Behavior & Organization, Elsevier, vol. 48(1), pages 37-50, May. [Downloadable!] (restricted)
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This page was last updated on 2009-12-27.

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