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The Bias of Size in Gambling Decisions: Evidence From a Casino Game
Fong,Davis Ka Chio; Fong,Lawrence Hoc Nang; Chark,Robin; Chui,Peter Man Wai
2018-02-01
Source PublicationCornell Hospitality Quarterly
ISSN19389655
Volume59Issue:1Pages:78-84
Abstract

Casino operators strive to motivate gamblers to wager to maximize their gaming revenue. This motivation may be achieved by increasing gamblers’ perceived likelihood of winning, which stems from cognitive bias. Therefore, it is important for casino operators to understand the components that promote cognitive bias in gambling. This study introduces and demonstrates the existence of a bias of size in gambling decisions using a casino game referred to as Cussec. Specifically, participants are expected to bias their choice toward the option of Big (vs. Small) in the game; however, these two options are of equal chance. In the present research, a field observational study and two experimental studies were conducted. In the observational study, the bias was identified using 4,565 Cussec bets that were recorded in a casino in Macao. The bias was further demonstrated in experimental studies that involved Chinese participants (389 participants in the laboratory and 1,000 participants through an online survey platform). The bias is robust against the order of appearance (i.e., Big is displayed before or after Small). The online experiment contributes knowledge to the literature by indicating that gamblers’ bias toward Big distorts their perceived likelihood of winning. It is recommended that casino operators provide more games that feature size cues, and gaming designers incorporate these cues in the design of casino games.

KeywordCasino Chinese Cognitive Bias Gambling
DOI10.1177/1938965517730313
URLView the original
Indexed BySSCI ; SSCI
Language英语
WOS Research AreaSocial Sciences - Other Topics ; Sociology ; Business & Economics
WOS SubjectHospitality, Leisure, Sport & Tourism ; Management ; Sociology
WOS IDWOS:000418694300010
Fulltext Access
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Cited Times [WOS]:2   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
CollectionDEPARTMENT OF INTEGRATED RESORT AND TOURISM MANAGEMENT
DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS
Corresponding AuthorFong,Davis Ka Chio
AffiliationUniversity of Macau,,Macao
First Author AffilicationUniversity of Macau
Corresponding Author AffilicationUniversity of Macau
Recommended Citation
GB/T 7714
Fong,Davis Ka Chio,Fong,Lawrence Hoc Nang,Chark,Robin,et al. The Bias of Size in Gambling Decisions: Evidence From a Casino Game[J]. Cornell Hospitality Quarterly,2018,59(1):78-84.
APA Fong,Davis Ka Chio,Fong,Lawrence Hoc Nang,Chark,Robin,&Chui,Peter Man Wai.(2018).The Bias of Size in Gambling Decisions: Evidence From a Casino Game.Cornell Hospitality Quarterly,59(1),78-84.
MLA Fong,Davis Ka Chio,et al."The Bias of Size in Gambling Decisions: Evidence From a Casino Game".Cornell Hospitality Quarterly 59.1(2018):78-84.
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