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Journal of Gambling Studies
Erschienen in: Journal of Gambling Studies 3/2014

01.09.2014 | Original Paper

An Examination of Factors Driving Chinese Gamblers’ Fallacy Bias

verfasst von: Lawrence Hoc Nang Fong, Rob Law, Desmond Lam

Erschienen in: Journal of Gambling Studies | Ausgabe 3/2014

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Abstract

Gambling is a leisure activity, which is enjoyed by many people around the world. Among these people, Chinese are known for their high propensity to gamble and are highly sought after by many casinos. In this exploratory study, the effect of two types of fallacy bias—positive recency and negative recency—on the betting behavior of Chinese gamblers is investigated. Although the influence of fallacy bias on a betting decision is well documented, little is known about the interaction of the factors that dictate fallacy bias. Drawing from an analysis of 2,645 betting decisions, the results show that Chinese gamblers primarily endorse positive recency, especially when the latest outcome is more frequent. This is contrary to most findings on Western subjects in which negative recency is more common. Current findings have meaningful implications to casino gaming entertainment businesses and public policymakers.
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Metadaten
Titel
An Examination of Factors Driving Chinese Gamblers’ Fallacy Bias
verfasst von
Lawrence Hoc Nang Fong
Rob Law
Desmond Lam
Publikationsdatum
01.09.2014
Verlag
Springer US
Erschienen in
Journal of Gambling Studies / Ausgabe 3/2014
Elektronische ISSN: 1573-3602
DOI
https://doi.org/10.1007/s10899-013-9390-9

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