Residential College | false |
Status | 已發表Published |
The Bias of Size in Gambling Decisions: Evidence From a Casino Game | |
Fong,Davis Ka Chio![]() ![]() ![]() ![]() ![]() | |
2018-02-01 | |
Source Publication | Cornell Hospitality Quarterly
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ABS Journal Level | 2 |
ISSN | 19389655 |
Volume | 59Issue:1Pages:78-84 |
Abstract | Casino operators strive to motivate gamblers to wager to maximize their gaming revenue. This motivation may be achieved by increasing gamblers’ perceived likelihood of winning, which stems from cognitive bias. Therefore, it is important for casino operators to understand the components that promote cognitive bias in gambling. This study introduces and demonstrates the existence of a bias of size in gambling decisions using a casino game referred to as Cussec. Specifically, participants are expected to bias their choice toward the option of Big (vs. Small) in the game; however, these two options are of equal chance. In the present research, a field observational study and two experimental studies were conducted. In the observational study, the bias was identified using 4,565 Cussec bets that were recorded in a casino in Macao. The bias was further demonstrated in experimental studies that involved Chinese participants (389 participants in the laboratory and 1,000 participants through an online survey platform). The bias is robust against the order of appearance (i.e., Big is displayed before or after Small). The online experiment contributes knowledge to the literature by indicating that gamblers’ bias toward Big distorts their perceived likelihood of winning. It is recommended that casino operators provide more games that feature size cues, and gaming designers incorporate these cues in the design of casino games. |
Keyword | Casino Chinese Cognitive Bias Gambling |
DOI | 10.1177/1938965517730313 |
URL | View the original |
Indexed By | SSCI |
Language | 英語English |
WOS Research Area | Social Sciences - Other Topics ; Sociology ; Business & Economics |
WOS Subject | Hospitality, Leisure, Sport & Tourism ; Management ; Sociology |
WOS ID | WOS:000418694300010 |
Scopus ID | 2-s2.0-85038917386 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | DEPARTMENT OF INTEGRATED RESORT AND TOURISM MANAGEMENT DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS |
Corresponding Author | Fong,Davis Ka Chio |
Affiliation | University of Macau,,Macao |
First Author Affilication | University of Macau |
Corresponding Author Affilication | University of Macau |
Recommended Citation GB/T 7714 | Fong,Davis Ka Chio,Fong,Lawrence Hoc Nang,Chark,Robin,et al. The Bias of Size in Gambling Decisions: Evidence From a Casino Game[J]. Cornell Hospitality Quarterly, 2018, 59(1), 78-84. |
APA | Fong,Davis Ka Chio., Fong,Lawrence Hoc Nang., Chark,Robin., & Chui,Peter Man Wai (2018). The Bias of Size in Gambling Decisions: Evidence From a Casino Game. Cornell Hospitality Quarterly, 59(1), 78-84. |
MLA | Fong,Davis Ka Chio,et al."The Bias of Size in Gambling Decisions: Evidence From a Casino Game".Cornell Hospitality Quarterly 59.1(2018):78-84. |
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