I do not play lotteries
Identificadores
URI: http://hdl.handle.net/10481/31465Metadata
Show full item recordEditorial
Universidad de Granada. Departamento de Teoría e Historia Económica
Materia
Risky decision making Pathological gambling Attraction and repulsion to chance
Date
2005Referencia bibliográfica
Brañas-Garza, P.; Georgantzis, N.; Guillén, P. I do not play lotteries. Universidad de Granada. Departamento de Teoría e Historia Económica (2005). (The Papers; 05/04). [http://hdl.handle.net/10481/31465]
Abstract
We study individual decision making in a lot
tery-choice task performed by three
subject populations: gamblers under psychol
ogical treatment (“addicts”), gamblers’
relatives (“victims”), and normal (as far
as gambling is considered) individuals. We
find that addicts are willing to take less risk than normal individuals, but the large
majority of victims reports themselves unwilling to take any risk at all. Furthermore, both addicts and victims maintain their choices invariant across different scenarios concerning the risk-return tradeoff.