Literature DB >> 25921650

Betting on Illusory Patterns: Probability Matching in Habitual Gamblers.

Wolfgang Gaissmaier1, Andreas Wilke2, Benjamin Scheibehenne3, Paige McCanney2, H Clark Barrett4.   

Abstract

Why do people gamble? A large body of research suggests that cognitive distortions play an important role in pathological gambling. Many of these distortions are specific cases of a more general misperception of randomness, specifically of an illusory perception of patterns in random sequences. In this article, we provide further evidence for the assumption that gamblers are particularly prone to perceiving illusory patterns. In particular, we compared habitual gamblers to a matched sample of community members with regard to how much they exhibit the choice anomaly 'probability matching'. Probability matching describes the tendency to match response proportions to outcome probabilities when predicting binary outcomes. It leads to a lower expected accuracy than the maximizing strategy of predicting the most likely event on each trial. Previous research has shown that an illusory perception of patterns in random sequences fuels probability matching. So does impulsivity, which is also reported to be higher in gamblers. We therefore hypothesized that gamblers will exhibit more probability matching than non-gamblers, which was confirmed in a controlled laboratory experiment. Additionally, gamblers scored much lower than community members on the cognitive reflection task, which indicates higher impulsivity. This difference could account for the difference in probability matching between the samples. These results suggest that gamblers are more willing to bet impulsively on perceived illusory patterns.

Entities:  

Keywords:  Cognitive reflection task; Gambling disorder; Misperception of randomness; Pathological gambling; Probability matching

Mesh:

Year:  2016        PMID: 25921650     DOI: 10.1007/s10899-015-9539-9

Source DB:  PubMed          Journal:  J Gambl Stud        ISSN: 1050-5350


  43 in total

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