Abstract
Introduction: Gamblers' enduring illusions of control (IOC) may be one reason why they continue to gamble in the face of sustained losses. If gamblers persist in the belief that they have special skills, knowledge and other advantages when gambling, they may be able to convince themselves it is worth doing again. Maintaining an IOC requires selective attention of the illusion supporting moments during the construction of an evaluation of a gambling session.Objective: Test the hypothesis that selected moments, specifically the moment of the highest win and the last moment of the gaming session, explain the retrospective evaluation of the session for gamblers high in the illusion of control.Method: A total of 102 and 35 experienced gamblers were recruited from gambling venues and participated in two studies by gambling on 20 occasions on coin toss outcomes. Participants were asked to evaluate their enjoyment of the gambling experience they had just completed, and completed an IOC Beliefs Questionnaire designed to measure the extent to which they believe they are good at influencing gambling outcomes.Results: Gamblers with a high IOC use the largest win in their evaluation when they lose. This is consistent with the motivated selective attention hypothesis. Non-threatened gamblers, those with a low IOC or winners, use the final outcome as the determinant of their evaluation of the gaming session.Conclusion: The results suggest that instead of altering an important characteristic of self, gamblers instead reflect on the moment of a gambling episode that does not threaten, and in fact supports, their ability to find patterns in random events. Indicators of the illusion could be used to assist gamblers in controlling their own behavior.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Similar Papers
More From: Journal of Business Research
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.