Filippin, Antonio; Crosetto, Paolo - Institute for the Study of Labor (IZA) - 2015
Evidence of Illusion of Control – the fact that people believe to have control over pure chance events – is a recurrent … literature but without monetary payoffs. Results show no evidence of illusion of control, neither on choices nor on beliefs about … the likelihood of winning, thus supporting the hypotheses that incentives crowd out illusion of control. …