Does betting experience matter in sequential risk taking in horse race wagering?

被引：2
|
作者：
Saastamoinen, Jani [1 ]
Suhonen, Niko [1 ]
机构：
[1] Univ Eastern Finland, Kuopio, Finland
来源：
ECONOMICS AND BUSINESS LETTERS | 2018年 / 7卷 / 04期
关键词：
experience; horse race betting; prospect theory; sequential risky decisions;
D O I：
10.17811/ebl.7.4.2018.137-143
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper examines how betting experience is associated with horse race bettors' sequential risk taking. We use an individual-level data set of 5,217 individual bettors with 167,816 betting-related transactions. Our analyses suggest that inexperienced bettors take on more risk than experienced bettors do after they experience gains. We also find some indication that experienced bettors become more risk averse than inexperienced ones after incurring losses.
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页码：137 / 143
页数：7
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