Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/36041
Title: An examination of factors driving Chinese gamblers' fallacy bias
Authors: Fong, LHN
Law, R 
Lam, D
Keywords: Betting decision
Casino
Chinese gambler
Cussec
Gambler's fallacy
Hot hand
Issue Date: 2014
Publisher: Springer
Source: Journal of gambling studies, 2014, v. 30, no. 3, p. 757-770 How to cite?
Journal: Journal of gambling studies 
Abstract: Gambling is a leisure activity, which is enjoyed by many people around the world. Among these people, Chinese are known for their high propensity to gamble and are highly sought after by many casinos. In this exploratory study, the effect of two types of fallacy bias-positive recency and negative recency-on the betting behavior of Chinese gamblers is investigated. Although the influence of fallacy bias on a betting decision is well documented, little is known about the interaction of the factors that dictate fallacy bias. Drawing from an analysis of 2,645 betting decisions, the results show that Chinese gamblers primarily endorse positive recency, especially when the latest outcome is more frequent. This is contrary to most findings on Western subjects in which negative recency is more common. Current findings have meaningful implications to casino gaming entertainment businesses and public policymakers.
URI: http://hdl.handle.net/10397/36041
ISSN: 1050-5350 (print)
1573-3602 (online)
DOI: 10.1007/s10899-013-9390-9
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