Problem gamblers ignore data, go with gut, suffer consequences

Problem gamblers ignore information that could limit their losses, instead relying on information from previous gambling results.   

A new study by the University of British Columbia’s Center for Gambling Research aimed for a better understanding of the reasons behind the poor decision-making process displayed by individuals who can’t control their gambling activity. 

The survey consisted of 48 problem gamblers and 35 control participants who were asked to repeatedly choose between two types of lottery games, one featuring a larger but less probable reward and the other a more probable but smaller reward. (For the record, the problem group’s favorite types of gambling were slots (48%), while online gambling/card games tied for second at 12.5%.) 

In one test, participants started with zero coins and aimed to build their stack, while the other test saw each participant start with a 200-coin stack with the aim of minimizing their losses. Participants were shown the odds of winning before each game, with each player receive a participation fee and told they could keep any ‘winnings’ (in the form of gift cards).