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Direct and indirect effects of pathological gambling on risk attitudes

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Brañas, P., Georgantzis, N. and Guillen, P. (2007) Direct and indirect effects of pathological gambling on risk attitudes. Judgment and Decision Making, 2 (2). pp. 126-136. ISSN 1930-2975

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Official URL: http://journal.sjdm.org/jdm06164.pdf

Abstract/Summary

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.

Item Type:Article
Refereed:Yes
Divisions:Faculty of Life Sciences > School of Agriculture, Policy and Development > Economic and Social Sciences Division > Food Economics and Marketing (FEM)
ID Code:34781
Publisher:Society for Judgment and Decision Making
Publisher Statement:See the publisher's pre-2013 copyright policy for advice about how the article may be used http://journal.sjdm.org/copyright.htm

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