Gambling is a popular activity worldwide. While most people gamble within their means, for a small yet significant proportion of the population, it may spiral out of control and develop into problem gambling the past-year problem gambling rates vary between 0.1% and 5.8% worldwide. Excessive gambling can lead to adverse consequences for the people with gambling problems, those around them, and the society at large . Let's talk more further to understand this topic guys! Tell me what's on your mind about this ?
I think, One important behavioral phenomenon that is generally considered to mark the transition from non-problem to problem gambling is chasing. Commonly loss-chasing, describes a gambler’s tendency to continue or intensify gambling to recoup previous losses. Loss-chasing is also widely regarded as a defining feature of gambling disorder. With the further understanding of whether and how gamblers chase losses (across the whole spectrum of gambling involvement) will therefore provide important insights into the development of gambling problems. You see, such knowledge will also be crucial in developing tools that can effectively detect and reduce problem gambling.
Yes and Loss-chasing can be expressed in multiple aspects of gambling behavior. Players may chase losses between sessions, such as returning another time to recover previous losses, or within sessions, by continuing or intensifying gambling after losses within a session. In this paper, we focus on within-session loss-chasing in an online commercial gambling product (with behavioral tracking data from >2500 players and >10 million rounds).
They examined three purported behavioral expressions of within-session chasing, Like, namely when players decided to end a session, and how much stake they placed in each round, and then how quickly they played. I think most previous studies on chasing have focused on the first two aspects, while the speed of play as a potential expression of chasing has received less attention (certainly in real gambling games).
Gamblers may chase losses by continuing a gambling session after a loss. To test how wins and losses influence the decision of when to stop , through examined when players ended a session when playing real electronic gaming machines (EGMs). They found that EGM players were more likely to end a session after losing than after winning, thus showing no loss-chasing in this facet.
One explanation may be that the EGM players in Leino et al.’s study were mostly people without gambling problems, who were able to stop after losing to avoid further losses. Interestingly though, some work has shown that people with gambling problems also did not show loss-chasing in this aspect. For instance, three studies found that participants with greater problem gambling severity were more likely to play beyond a required number of rounds, and played more rounds in total in simulated gambling, compared to those without gambling problems.
Yes that's correct and intriguingly, in all three studies, the nominal win or loss in the preceding 30 rounds did not influence participants’ decision of when to stop. In other words, people with gambling problems played longer sessions in general, but the decision of when to end a session was not influenced by wins or losses per se.
Also guys, People may also chase losses by placing a higher stake, sometimes beyond the amount they initially intended to spend. While some previous work has indeed found increased stakes after a loss, others have observed the opposite.
Very well said! And whether people bet larger or smaller amounts after losing may depend on many factors, such as whether the gamble provides the opportunity to offset prior losses ( i.e., the break-even effect ), the presentation format of the gamble , and whether the losses are realized or not . The last finding, namely the realization effect, may be especially relevant here. They showed in a lab-based study that when losses were realized, such as when money was transferred between accounts after losing, people took less ‘risk’ by making a smaller bet after a loss; in contrast, when losses were unrealized, such as when the loss was not converted into real money yet, people took more ‘risk’ by making a larger bet after losing.
May I add that in real online gambling, whether players will place a higher or a lower stake after losing may depend on whether they perceive the loss to be ‘realized’ or not. On the one hand, the loss may be seen as ‘realized’, as money is taken away from players’ accounts. Also the loss may still be ‘unrealized’, because the money on the gambling platform may be perceived as game token or play money rather than real money. We will therefore examine this facet in the current study.
