The multiple objectives of gamblers
article
Many participants in gambling games realize that the odds are set against them, yet this realization does not stop them from gambling. This suggests that gamblers have multiple goals beside of maximizing monetary profits. The present study is an attempt to uncover these multiple objectives. A sample of 77 experienced Blackjack players were asked to express the degree to which they agree with 45 statements about Blackjack. The scores were analyzed by the program PRINCALS, which yielded three interpretable dimensions which were labeled as expected value, rationality of approach to the game, and risk attitude. Implications for the interpretation of empirical data in decision research, are briefly discussed.
Topics
TNO Identifier
229632
ISSN
0001-6918
Source
Acta Psychologica, 56(1-3), pp. 167-178.
Pages
167-178
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