In gambling, our decisions regarding what gambles to take and how much we are willing to wager might, in part, be influenced by our histories with respect to gambling outcomes. Given a less temporally-distant history with gambling that favors losses, wins, or breaking even may create alterations in one’s discounting pattern, albeit most likely temporary. Given the topographical similarity between gambling procedures and probabilistic discounting tasks, probability discounting was used to assess potential changes in discounting resulting from a gambling task designed specifically for this study. Probabilistic discounting patterns for 38 undergraduate students before and after exposure to a simulated die-rolling task were analyzed, and results of follow-up analyses supported the notion that probabilistic discounting patterns can be changed by gambling outcomes. Implications and limitations are discussed.
Witts, Benjamin N.; Ghezzi, Patrick M.; and Weatherly, Jeffrey N.
"Altering Probability Discounting in a Gambling Simulation,"
Analysis of Gambling Behavior: Vol. 5
, Article 4.
Available at: https://repository.stcloudstate.edu/agb/vol5/iss2/4