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Direct and indirect effects of pathological gambling on risk attitudes

Authors

BRAÑAS GARZA, PABLO ERNESTO, Georgantzis, Nikolaos , Guillen, Pablo

External publication

Si

Means

Judgm. Decis. Mak.

Scope

Article

Nature

Científica

JCR Quartile

SJR Quartile

Publication date

01/04/2007

ISI

000259229600005

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.

Keywords

risky decision making; pathological gambling; attraction and repulsion to chance

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