Betting at the Race Track: Does Risk Seeking Increase When Losses Accumulate?

Perceptual and Motor Skills, 1994, 78, 1248-1250

3 Pages Posted: 18 Mar 2014

See all articles by Tommy Garling

Tommy Garling

Göteborg University

Joakim Romanus

Göteborg University

Marcus Selart

Norwegian School of Economics (NHH) - Department of Strategy and Management

Date Written: March 17, 2014

Abstract

Previous research has shown that prior outcomes affect choices in an inconsistent way. As a consequence, a prior loss decreased risk seeking among participants at the end of a betting sequence, which is a time when people are believed to be more risk seeking.

Suggested Citation

Garling, Tommy and Romanus, Joakim and Selart, Marcus, Betting at the Race Track: Does Risk Seeking Increase When Losses Accumulate? (March 17, 2014). Perceptual and Motor Skills, 1994, 78, 1248-1250. Available at SSRN: https://ssrn.com/abstract=2410402

Tommy Garling

Göteborg University ( email )

Viktoriagatan 30
Göteborg, 405 30
Sweden

Joakim Romanus

Göteborg University

Viktoriagatan 30
Göteborg, 405 30
Sweden

Marcus Selart (Contact Author)

Norwegian School of Economics (NHH) - Department of Strategy and Management ( email )

Breiviksveien 40
N-5045 Bergen
Norway
+47 55 95 96 95 (Phone)

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