Engaging in "illusory control" during repeated risk-taking

Citation
Mr. Dixon et al., Engaging in "illusory control" during repeated risk-taking, PSYCHOL REP, 83(3), 1998, pp. 959-962
Citations number
3
Categorie Soggetti
Psycology
Journal title
PSYCHOLOGICAL REPORTS
ISSN journal
00332941 → ACNP
Volume
83
Issue
3
Year of publication
1998
Part
1
Pages
959 - 962
Database
ISI
SICI code
0033-2941(199812)83:3<959:EI"CDR>2.0.ZU;2-T
Abstract
Risk-taking behavior occurs when an individual chooses to engage in a game of chance. Although the outcomes of these games are completely random, many individuals believe that they can exercise some control over the outcomes. The present study examined the extent to which five undergraduate roulette players would pay additional money for opportunities to engage in an illus ory activity that had no influence on the game's outcome, i.e., choosing ra ndom numbers rather than having the experimenter choose them. All five subj ects engaged in this type of activity, and the extent to which they did was linearly related to the player's winnings. These findings may suggest why people continue to gamble when the odds of winning are against them.