Betting on Illusory Patterns: Probability Matching in Habitual Gamblers

Wolfgang Gaissmaier1, Andreas Wilke2, Benjamin Scheibehenne3

  • 1Department of Psychology, Social Psychology and Decision Sciences, University of Konstanz, P.O. Box 43, 78457, Konstanz, Germany. gaissmaier@uni-konstanz.de.

Summary

Gamblers exhibit a greater tendency towards probability matching due to misperceiving randomness and higher impulsivity. This cognitive bias leads to impulsive betting on illusory patterns, contributing to pathological gambling.

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