Dishonestly increasing the likelihood of winning

Open Access
Authors
Publication date 2012
Journal Judgment and Decision Making
Volume | Issue number 7 | 3
Pages (from-to) 292-303
Organisations
  • Faculty of Social and Behavioural Sciences (FMG) - Psychology Research Institute (PsyRes)
Abstract
People not only seek to avoid losses or secure gains; they also attempt to create opportunities for obtaining positive outcomes. When distributing money between gambles with equal probabilities, people often invest in turning negative gambles into positive ones, even at a cost of reduced expected value. Results of an experiment revealed that (1) the preference to turn a negative outcome into a positive outcome exists when people’s ability to do so depends on their performance levels (rather than merely on their choice), (2) this preference is amplified when the likelihood to turn
negative into positive is high rather than low, and (3) this preference is attenuated when people can lie about their performance levels, allowing them to turn negative into positive not by performing better but rather by lying about how well they performed.
Document type Article
Language English
Published at http://journal.sjdm.org/12/12117a/jdm12117a.html
Downloads
Permalink to this page
Back