Thursday, January 14, 2010
Behavioural Economics of Poker
ScienceDaily (Jan. 13, 2010) — "A new Cornell study of online poker seems counterintuitive: The more hands players win, the less money they're likely to collect -- especially when it comes to novice players." The finding "coincides with observations in behavioral economics that people overweigh their frequent small gains vis-à-vis occasional large losses, and vice versa."
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