Fear and loathing in Las Vegas: Evidence from blackjack tables

This paper uses proprietary data from a blackjack table in Las Vegas to analyze how the expectation of regret affects peoples’ decisions during gambles. Even among a group of people who choose to participate in a risk-taking activity, we find strong evidence of an economically significant omission b...

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Bibliographic Details
Main Authors: Bruce I. Carlin, David T. Robinson
Format: Article
Language:English
Published: Cambridge University Press 2009-08-01
Series:Judgment and Decision Making
Subjects:
Online Access:https://www.cambridge.org/core/product/identifier/S1930297500001212/type/journal_article