Articlehybrid2022

Risk taking in gambling task: The role of psychological variables in lottery risk-taking

Katarzyna Sekścińska · Joanna Rudzińska‐Wojciechowska

9 citations0/0 files storedPersonality and Individual Differences

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Decision-Making and Behavioral Economics Financial Literacy, Pension, Retirement Analysis Gambling Behavior and Treatments

Abstract

This preregistered study aims to build a model of people's risky financial choices when gambling. Psychological constructs that have been demonstrated to predict such choices in earlier studies were considered. A total of 409 Polish working adults (211 men and 198 women; aged 18–72 years, M = 44.80 years, SD = 15.56) took part in a two waves correlational CAWI study. In most cases, the links between psychological variables and gambling choices were confirmed. When entered into the model, the following proved to significantly predict people's gambling choices: Self-control and net income per capita decreased risk-taking in lotteries, while Self-esteem, Psychopathy, Present Hedonistic Time Perspective, and Sense of Power enhanced gambling risk-taking. The model accounted for 15 % of the observed variance.

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References

2007G*Power 3: A flexible statistical power analysis program for the social, behavioral, and biomedical sciences 2003A very brief measure of the Big-Five personality domains 1997Beyond pleasure and pain.2004High Self‐Control Predicts Good Adjustment, Less Pathology, Better Grades, and Interpersonal Success 2002Risk Aversion and Incentive Effects 2002The Dark Triad of personality: Narcissism, Machiavellianism, and psychopathy 1997Personality trait structure as a human universal.1974The measurement of urban travel demand

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