Residential College | false |
Status | 已發表Published |
Betting Decision Under Break-Streak Pattern: Evidence from Casino Gaming | |
Fong,Lawrence Hoc Nang1; So,Amy Siu Ian1; Law,Rob2 | |
2016-03-01 | |
Source Publication | Journal of Gambling Studies |
ISSN | 1050-5350 |
Volume | 32Issue:1Pages:171-185 |
Abstract | Cognitive bias is prevalent among gamblers, especially those with gambling problems. Grounded in the heuristics theories, this study contributes to the literature by examining a cognitive bias triggered by the break streak pattern in the casino setting. We postulate that gamblers tend to bet on the latest outcome when there is a break-streak pattern. Moreover, three determinants of the betting decision under break-streak pattern, including the streak length of the alternative outcome, the frequency of the latest outcome, and gender, were identified and examined in this study. A non-participatory observational study was conducted among the Cussec gamblers in a casino in Macao. An analysis of 1229 bets confirms our postulation, particularly when the streak of the alternative outcome is long, the latest outcome is frequent, and the gamblers are females. The findings provide meaningful implications for casino management and public policymakers regarding the minimization of gambling harm. |
Keyword | Betting Decision Casino Cognitive Bias Gambler’s Fallacy Macao Streak |
DOI | 10.1007/s10899-015-9550-1 |
URL | View the original |
Indexed By | SSCI |
Language | 英語English |
WOS Research Area | Substance Abuse ; Psychology |
WOS Subject | Substance Abuse ; Psychology, Multidisciplinary |
WOS ID | WOS:000375403100012 |
Scopus ID | 2-s2.0-84974779248 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | Faculty of Business Administration ASIA-PACIFIC ACADEMY OF ECONOMICS AND MANAGEMENT DEPARTMENT OF INTEGRATED RESORT AND TOURISM MANAGEMENT |
Corresponding Author | Fong,Lawrence Hoc Nang |
Affiliation | 1.Faculty of Business Administration,University of Macau,,Taipa,Macao 2.School of Hotel and Tourism Management,The Hong Kong Polytechnic University,,Kowloon,China |
First Author Affilication | Faculty of Business Administration |
Corresponding Author Affilication | Faculty of Business Administration |
Recommended Citation GB/T 7714 | Fong,Lawrence Hoc Nang,So,Amy Siu Ian,Law,Rob. Betting Decision Under Break-Streak Pattern: Evidence from Casino Gaming[J]. Journal of Gambling Studies, 2016, 32(1), 171-185. |
APA | Fong,Lawrence Hoc Nang., So,Amy Siu Ian., & Law,Rob (2016). Betting Decision Under Break-Streak Pattern: Evidence from Casino Gaming. Journal of Gambling Studies, 32(1), 171-185. |
MLA | Fong,Lawrence Hoc Nang,et al."Betting Decision Under Break-Streak Pattern: Evidence from Casino Gaming".Journal of Gambling Studies 32.1(2016):171-185. |
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