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Are casino gambling and stockmarket investing so different from one another?
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This project aimed at understanding the driving behaviors of the average investor and the average casino gambler and analyzing to which extent both agents share similar characteristics. In order to assess (dis)similarities between both groups, 4 variables were selected: (1) emotional attachment; (2) magical thinking and quasi-magical thinking; (3) control and (4) confidence in outcomes. Results show that both groups tend to define their upward and downward limits differently, focusing more on the latter, and that casino gamblers are much more prone to resort to magical thinking and quasi-magical thinking acts during their activities. Additionally, confidence in outcomes was much higher within stock market investors.
Descrição
A Work Project, presented as part of the requirements for the Award of a Masters Degree in Management from the Faculdade de Economia da Universidade Nova de Lisboa
Palavras-chave
Gambling Magical and quasi-magical thinking Control Confidence in Outcomes