I do not play lotteries

Pablo Brañas-Garza, Nikolaos Georgantzís () and Pablo Guillen

No 05/04, ThE Papers from Department of Economic Theory and Economic History of the University of Granada.

Abstract: We study individual decision making in a lottery-choice task performed by three subject populations: gamblers under psychological treatment (“addicts”), gamblers’ relatives (“victims”), and normal (as far as gambling is considered) individuals. We find that addicts are willing to take less risk than normal individuals, but the large majority of victims reports themselves unwilling to take any risk at all. Furthermore, both addicts and victims maintain their choices invariant across different scenarios concerning the risk-return tradeoff.

Keywords: risky decision making; pathological gambling; attraction and re-pulsion to chance. (search for similar items in EconPapers)
JEL-codes: C91 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2005-05-16
New Economics Papers: this item is included in nep-cbe, nep-evo and nep-exp
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Persistent link: https://EconPapers.repec.org/RePEc:gra:wpaper:05/04

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