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Books > Social sciences > Psychology > Cognition & cognitive psychology
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Paradoxes of Gambling Behaviour (Paperback)
Loot Price: R1,280
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Paradoxes of Gambling Behaviour (Paperback)
Series: Routledge Library Editions: Addictions
Expected to ship within 12 - 19 working days
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Why does a large proportion of the population engage in some form
of gambling, although they know they are most likely to lose, and
that the gambling industry makes huge profits? Do gamblers simply
accept their losses as fate, or do they believe that they will be
able to overcome the negative odds in some miraculous way? The
paradox is complicated by the fact that those habitual gamblers who
are most aware that systematic losses cannot be avoided, are the
least likely to stop gambling. Detailed analyses of actual gambling
behaviour have shown gamblers to be victims of a variety of
cognitive illusions, which lead them to believe that the general
statistical rules of determining the probability of loss do not
apply to them as individuals. The designers of gambling games
cleverly exploit these illusions in order to promote a false
perception of the situation. Much of the earlier interest in
gambling behaviour has been centred on the traditional theories of
human decision-making, where decisions are portrayed as choices
among bets. This led to a tradition of studying decision-making in
experiments on betting. In this title, originally published in
1988, the author argues that betting behaviour should not be used
as a typical example of human decision-making upon which a general
psychological theory could be founded, and that these traditional
views can in no way account for the gambling behaviour reported in
this book.
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