Risk-taking in games of chance and skill: Informational and affective influences on choice behavior.

Abstract

Three studies to pinpoint the underlying dynamics related to risk-taking in skilled and chance situations are presented. Study 1 is an attempt to demonstrate that cognitive and motivational theories of risk-taking must be combined to account for individual differences in skilled situations. Studies 2 and 3 show that the effect for uncertainty orientation generalizes to chance situations.

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