JSOM Faculty Research
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Browsing JSOM Faculty Research by Author "0000 0003 5347 5280 (Croson, RTA)"
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Item The Impact of Near-Miss Events on Betting Behavior: An Examination of Casino Rapid Roulette PlaySundali, J. A.; Safford, A. H.; Croson, Rachel T. A.; 0000 0003 5347 5280 (Croson, RTA); 2009104767 (Croson)We examine how almost winning in roulette affects subsequent betting behavior. Our main finding is heterogeneity in gambler behavior with some gamblers less likely to bet on numbers that were near misses on the prior spin and other gamblers more likely to bet on near miss numbers. Using a unique data set from the game rapid roulette, we model the likelihood of a gambler betting on a near miss number while controlling for the favorite number bias and the likelihood of a number being a near miss. We also find no evidence that near misses in roulette leads to gamblers extending the time spent gambling or to the placing of more bets.Item The Stability of Social Preferences in a Low-Income NeighborhoodDe Oliveira, A. C. M.; Eckel, C.; Croson, Rachel T. A.; 0000 0003 5347 5280 (Croson, RTA); 2009104767 (Croson)We investigate whether social preferences are stable across contexts using a field population of low-income Americans. We develop and demonstrate a simplified, visually-based experimental methodology appropriate for this population. We show that choices in a laboratory public goods game predict giving in real donation experiments, as well as self-reported donations and volunteering outside the lab. At the same time, choices vary systematically by individual characteristics and decision context. Thus, our results provide evidence both for an underlying stable social preference and for the role of context in influencing the expression of that preference.