Poker Player Behavior after Big Wins and Big Losses
We find that experienced poker players typically change their style of play after winning or losing a big pot—most notably, playing less cautiously after a big loss, evidently hoping for lucky cards that will erase their loss. This finding is consistent with Kahneman and Tversky's (Kahneman, D....
Veröffentlicht in: | Management Science. - Institute for Operations Research and the Management Sciences, 1954. - 55(2009), 9, Seite 1547-1555 |
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Format: | Online-Aufsatz |
Sprache: | English |
Veröffentlicht: |
2009
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Zugriff auf das übergeordnete Werk: | Management Science |
Schlagworte: | prospect theory break-even hypothesis risk investment Behavioral sciences Mathematics Economics Information science |
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