Effects of Success and Instructions on Verbalized Expectancies and Amount Bet in a Two-Choice Situation

Abstract

Ss were told that their success in a two-choice situation would depend on either chance or skill. Their predictions of success on future trials, as well as their willingness to gamble on their performance, were studied as functions both of instructions and of actual level of success as manipulated by E. The major findings were: (a) Ss who were more successful during the training trials had significantly greater verbalized expectancies and bet significantly more chips than those Ss who were less successful during the training trials; (b) Ss who were presented with the skill-orienting instructions had significantly greater verbalized expectancies than those Ss presented the chance-orienting instructions regardless of percentage previous success.

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