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More Than Money: Experienced Positive Affect Reduces Risk-Taking Behavior on a Real-World Gambling Task
Previous research indicates that when people participate in multi-trial games of chance, the results of previous trials impact subsequent wager size. For example, the “house money” and “break even” effects suggest that an individual’s risk-taking propensity increases when financially winning or losi...
Autores principales: | , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Frontiers Media S.A.
2018
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6230981/ https://www.ncbi.nlm.nih.gov/pubmed/30455658 http://dx.doi.org/10.3389/fpsyg.2018.02116 |
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author | Juergensen, James Weaver, Joseph S. May, Christine N. Demaree, Heath A. |
author_facet | Juergensen, James Weaver, Joseph S. May, Christine N. Demaree, Heath A. |
author_sort | Juergensen, James |
collection | PubMed |
description | Previous research indicates that when people participate in multi-trial games of chance, the results of previous trials impact subsequent wager size. For example, the “house money” and “break even” effects suggest that an individual’s risk-taking propensity increases when financially winning or losing during a gambling session. Additionally, the “mood maintenance hypothesis” and affect regulation hypothesis suggest that people in positive and negative affective states are less and more likely to gamble than when in neutral affective states, respectively. In the present study, participants completed a series of trials on three computerized slot machines with varying expected values (EV; −10, 0, +10%) of return on investment, and they were paid a percentage of their final bankrolls in real money. Although results did not support the “house money” or “break even” effects, the “mood maintenance hypothesis” was robustly supported in all EV conditions. This is some of the first evidence supporting this theory using an ecologically valid, real-money gambling task. |
format | Online Article Text |
id | pubmed-6230981 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2018 |
publisher | Frontiers Media S.A. |
record_format | MEDLINE/PubMed |
spelling | pubmed-62309812018-11-19 More Than Money: Experienced Positive Affect Reduces Risk-Taking Behavior on a Real-World Gambling Task Juergensen, James Weaver, Joseph S. May, Christine N. Demaree, Heath A. Front Psychol Psychology Previous research indicates that when people participate in multi-trial games of chance, the results of previous trials impact subsequent wager size. For example, the “house money” and “break even” effects suggest that an individual’s risk-taking propensity increases when financially winning or losing during a gambling session. Additionally, the “mood maintenance hypothesis” and affect regulation hypothesis suggest that people in positive and negative affective states are less and more likely to gamble than when in neutral affective states, respectively. In the present study, participants completed a series of trials on three computerized slot machines with varying expected values (EV; −10, 0, +10%) of return on investment, and they were paid a percentage of their final bankrolls in real money. Although results did not support the “house money” or “break even” effects, the “mood maintenance hypothesis” was robustly supported in all EV conditions. This is some of the first evidence supporting this theory using an ecologically valid, real-money gambling task. Frontiers Media S.A. 2018-11-05 /pmc/articles/PMC6230981/ /pubmed/30455658 http://dx.doi.org/10.3389/fpsyg.2018.02116 Text en Copyright © 2018 Juergensen, Weaver, May and Demaree. http://creativecommons.org/licenses/by/4.0/ This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms. |
spellingShingle | Psychology Juergensen, James Weaver, Joseph S. May, Christine N. Demaree, Heath A. More Than Money: Experienced Positive Affect Reduces Risk-Taking Behavior on a Real-World Gambling Task |
title | More Than Money: Experienced Positive Affect Reduces Risk-Taking Behavior on a Real-World Gambling Task |
title_full | More Than Money: Experienced Positive Affect Reduces Risk-Taking Behavior on a Real-World Gambling Task |
title_fullStr | More Than Money: Experienced Positive Affect Reduces Risk-Taking Behavior on a Real-World Gambling Task |
title_full_unstemmed | More Than Money: Experienced Positive Affect Reduces Risk-Taking Behavior on a Real-World Gambling Task |
title_short | More Than Money: Experienced Positive Affect Reduces Risk-Taking Behavior on a Real-World Gambling Task |
title_sort | more than money: experienced positive affect reduces risk-taking behavior on a real-world gambling task |
topic | Psychology |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6230981/ https://www.ncbi.nlm.nih.gov/pubmed/30455658 http://dx.doi.org/10.3389/fpsyg.2018.02116 |
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