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来源类型Working Paper
规范类型报告
DOI10.3386/w14955
来源IDWorking Paper 14955
Fear and Loathing in Las Vegas: Evidence from Blackjack Tables
Bruce Ian Carlin; David T. Robinson
发表日期2009-05-15
出版年2009
语种英语
摘要Psychologists study regret primarily by measuring subjects' attitudes in laboratory experiments. This does not shed light on how expected regret affects economic actions in market settings. To address this, we use proprietary data from a blackjack table in Las Vegas to analyze how expected regret affects peoples''decisions during gambles. Even among a group of people who choose to participate in a risk-taking activity, we find strong evidence of an economically significant omission bias: players incur substantial losses by playing too conservatively. This behavior is prevalent even among large stakes gamblers, and becomes more severe following previous aggressive play, suggesting a rebound effect after aggressive play.
主题Microeconomics ; Behavioral Economics
URLhttps://www.nber.org/papers/w14955
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/572631
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GB/T 7714
Bruce Ian Carlin,David T. Robinson. Fear and Loathing in Las Vegas: Evidence from Blackjack Tables. 2009.
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