I do not play lotteries

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URI: http://hdl.handle.net/10481/31465
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Auteur
Brañas Garza, Pablo; Georgantzís, Nikolaos; Guillén, Pablo
Editorial
Universidad de Granada. Departamento de Teoría e Historia Económica
Materia
Risky decision making
 
Pathological gambling
 
Attraction and repulsion to chance
 
Date
2005
Referencia 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]
Résumé
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.
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