Impulsivity and predictive control are associated with suboptimal action-selection and action-value learning in regular gamblers
Author
Abstract
Suggested Citation
DOI: 10.1080/14459795.2015.1078835
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Rachel Croson & James Sundali, 2005. "The Gambler’s Fallacy and the Hot Hand: Empirical Data from Casinos," Journal of Risk and Uncertainty, Springer, vol. 30(3), pages 195-209, May.
- Tversky, Amos & Kahneman, Daniel, 1992. "Advances in Prospect Theory: Cumulative Representation of Uncertainty," Journal of Risk and Uncertainty, Springer, vol. 5(4), pages 297-323, October.
- Amos Tversky & Daniel Kahneman, 1991. "Loss Aversion in Riskless Choice: A Reference-Dependent Model," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(4), pages 1039-1061.
- Daniel Kahneman & Amos Tversky, 2013.
"Prospect Theory: An Analysis of Decision Under Risk,"
World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127,
World Scientific Publishing Co. Pte. Ltd..
- Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-291, March.
- Amos Tversky & Daniel Kahneman, 1979. "Prospect Theory: An Analysis of Decision under Risk," Levine's Working Paper Archive 7656, David K. Levine.
- Lattimore, Pamela K. & Baker, Joanna R. & Witte, Ann D., 1992. "The influence of probability on risky choice: A parametric examination," Journal of Economic Behavior & Organization, Elsevier, vol. 17(3), pages 377-400, May.
- Pamela K. Lattimore & Joanna R. Baker & A. Dryden Witte, 1992. "The Influence Of Probability on Risky Choice: A parametric Examination," NBER Technical Working Papers 0081, National Bureau of Economic Research, Inc.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Dickinson, David L. & Reid, Parker, 2023.
"Gambling Habits and Probability Judgements in a Bayesian Task Environment,"
IZA Discussion Papers
16306, Institute of Labor Economics (IZA).
- David L. Dickinson & Parker Reid, 2023. "Gambling habits and Probability Judgements in a Bayesian Task Environment," Working Papers 23-03, Department of Economics, Appalachian State University.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Han Bleichrodt & Jose Luis Pinto & Peter P. Wakker, 2001. "Making Descriptive Use of Prospect Theory to Improve the Prescriptive Use of Expected Utility," Management Science, INFORMS, vol. 47(11), pages 1498-1514, November.
- Jakusch, Sven Thorsten, 2017. "On the applicability of maximum likelihood methods: From experimental to financial data," SAFE Working Paper Series 148, Leibniz Institute for Financial Research SAFE, revised 2017.
- Häckel, Björn & Pfosser, Stefan & Tränkler, Timm, 2017. "Explaining the energy efficiency gap - Expected Utility Theory versus Cumulative Prospect Theory," Energy Policy, Elsevier, vol. 111(C), pages 414-426.
- M. Pelé & M. Broihanne & B. Thierry & J. Call & V. Dufour, 2014. "To bet or not to bet? Decision-making under risk in non-human primates," Journal of Risk and Uncertainty, Springer, vol. 49(2), pages 141-166, October.
- Christopher Schwand & Rudolf Vetschera & Lea Wakolbinger, 2010. "The influence of probabilities on the response mode bias in utility elicitation," Theory and Decision, Springer, vol. 69(3), pages 395-416, September.
- Ariane Charpin, 2018. "Tests des modèles de décision en situation de risque. Le cas des parieurs hippiques en France," Revue économique, Presses de Sciences-Po, vol. 69(5), pages 779-803.
- Luís Santos-Pinto & Adrian Bruhin & José Mata & Thomas Åstebro, 2015.
"Detecting heterogeneous risk attitudes with mixed gambles,"
Theory and Decision, Springer, vol. 79(4), pages 573-600, December.
- Astebro , Thomas & Santos-Pinto , Luís, 2014. "Detecting Heterogeneous Risk Attitudes with Mixed Gambles," HEC Research Papers Series 1042, HEC Paris.
- Wang, Di, 2021. "Attention-driven probability weighting," Economics Letters, Elsevier, vol. 203(C).
- Oliver, Adam, 2003. "The internal consistency of the standard gamble: tests after adjusting for prospect theory," LSE Research Online Documents on Economics 159, London School of Economics and Political Science, LSE Library.
- Jakusch, Sven Thorsten & Meyer, Steffen & Hackethal, Andreas, 2019. "Taming models of prospect theory in the wild? Estimation of Vlcek and Hens (2011)," SAFE Working Paper Series 146, Leibniz Institute for Financial Research SAFE, revised 2019.
- Syngjoo Choi & Jeongbin Kim & Eungik Lee & Jungmin Lee, 2022.
"Probability Weighting and Cognitive Ability,"
Management Science, INFORMS, vol. 68(7), pages 5201-5215, July.
- Syngjoo Choi & Jeongbin Kim & Eungik Lee & Jungmin Lee, 2018. "Probability Weighting and Cognitive Ability," Working Paper Series no121, Institute of Economic Research, Seoul National University.
- Zahra Murad & Martin Sefton & Chris Starmer, 2016.
"How do risk attitudes affect measured confidence?,"
Journal of Risk and Uncertainty, Springer, vol. 52(1), pages 21-46, February.
- Zahra Murad & Chris Starmer & Martin Sefton, 2014. "How do risk attitudes affect measured confidence?," Discussion Papers 2014-18, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- Zahra Murad & Chris Starmer & Martin Sefton, 2015. "How do risk attitudes affect measured confidence?," Discussion Papers 2015-26, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- Zahra Murad & Chris Starmer & Martin Sefton, 2014. "How do risk attitudes affect measured confidence?," Discussion Papers 2014-05, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- Hüseyin İlker Erçen & Hüseyin Özdeşer & Turgut Türsoy, 2022. "The Impact of Macroeconomic Sustainability on Exchange Rate: Hybrid Machine-Learning Approach," Sustainability, MDPI, vol. 14(9), pages 1-19, April.
- Mohammed Abdellaoui & Olivier L'Haridon & Corina Paraschiv, 2011.
"Experienced vs. Described Uncertainty: Do We Need Two Prospect Theory Specifications?,"
Management Science, INFORMS, vol. 57(10), pages 1879-1895, October.
- Mohammed Abdellaoui & Olivier L'Haridon & Corina Paraschiv, 2011. "Experienced vs. Described Uncertainty: Do We Need Two Prospect Theory Specifications?," Post-Print hal-00638008, HAL.
- Eyal Baharad & Doron Kliger, 2013. "Market failure in light of non-expected utility," Theory and Decision, Springer, vol. 75(4), pages 599-619, October.
- Galarza, Francisco, 2009.
"Choices under Risk in Rural Peru,"
MPRA Paper
17708, University Library of Munich, Germany.
- Galarza, Francisco B., 2009. "Choices under Risk in Rural Peru," Staff Papers 92247, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
- Galarza, Francisco B., 2009. "Choices under Risk in Rural Peru," Staff Paper Series 542, University of Wisconsin, Agricultural and Applied Economics.
- Francisco Galarza, 2009. "Choices under risk in rural peru," Artefactual Field Experiments 00047, The Field Experiments Website.
- Kpegli, Yao Thibaut & Corgnet, Brice & Zylbersztejn, Adam, 2023.
"All at once! A comprehensive and tractable semi-parametric method to elicit prospect theory components,"
Journal of Mathematical Economics, Elsevier, vol. 104(C).
- Yao Thibaut Kpegli & Brice Corgnet & Adam Zylbersztejn, 2020. "All at Once! A Comprehensive and Tractable Semi-Parametric Method to Elicit Prospect Theory Components," Working Papers 2034, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- Yao Thibaut Kpegli & Brice Corgnet & Adam Zylbersztejn, 2020. "All at Once! A Comprehensive and Tractable Semi-Parametric Method to Elicit Prospect Theory Components," Working Papers halshs-03016517, HAL.
- Salvatore Greco & Fabio Rindone, 2014.
"The bipolar Choquet integral representation,"
Theory and Decision, Springer, vol. 77(1), pages 1-29, June.
- Greco, Salvatore & Rindone, Fabio, 2011. "The bipolar Choquet integral representation," MPRA Paper 38957, University Library of Munich, Germany, revised 14 Oct 2011.
- Helga Fehr-Duda & Marc Schürer & Renate Schubert, 2006. "What Determines the Shape of the Probability Weighting Function?," CER-ETH Economics working paper series 06/54, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- Canales, Elizabeth & Bergtold, Jason S. & Williams, Jeffery & Peterson, Jeffrey, 2015. "Estimating farmers’ risk attitudes and risk premiums for the adoption of conservation practices under different contractual arrangements: A stated choice experiment," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205640, Agricultural and Applied Economics Association.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:intgms:v:15:y:2015:i:3:p:489-505. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RIGS20 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.