Psychology Commons^™

Studying Gambling Experimentally: The Value Of Money, Jeffrey N. Weatherly, Ellen Meier

Analysis of Gambling Behavior

Determining whether “gambling” behavior in the laboratory differs as a function of whether or not participants are risking actual money is important because the outcome will determine whether results from laboratory research can be genera-lized to actual gambling. Eighteen participants played video poker in two sepa-rate sessions. In one, they risked credits that had no monetary value and in the other they risked credits worth money. Results showed that participants played a similar number of hands and played with similar accuracy regardless of whether or not the credits had monetary value. However, participants risked significantly fewer credits when the credits …