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An integration of shifts toward risk and caution in gambling situations

1978; Elsevier BV; Volume: 14; Issue: 4 Linguagem: Inglês

10.1016/0022-1031(78)90036-7

1096-0465

Glenn S. Sanders,

Decision-Making and Behavioral Economics

Findings have been reported and replicated indicating group-induced caution at the racetrack and group-induced risk in blackjack gambling. The present research examined the effects of two consistent differences between the blackjack and racetrack situations: (a) the amount of money available to groups versus individuals; and (b) the number of bets made in the postbaseline session. It was found that group-induced caution can occur in the blackjack setting if groups have larger stakes than individuals, as was the case in the racetrack studies, and that this effect disappears over trials, due to group versus individual differences established in the previous blackjack studies. Since current explanations of choice shifts cannot account for the observed trial effects, it was suggested that traditional choice-dilemma material, on which these explanations are largely based, be examined for such effects. Implications of the possible outcomes of such an examination for current group polarization theory were discussed.