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This paper tests experiential learning as a debiasing tool against gambling and lottery behavior in South Africa. The …
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This study finds that the extremeness aversion bias documented in decision making studies exists in the sports betting market in which real money is at stake. The magnitude of the bias is large that a naive betting strategy utilizing this bias, since the betting market's inception in 2008...
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This paper tests experiential learning as a debiasing tool to reduce gambling in South Africa, through a randomized … field experiment. The study implements a simple, interactive game that simulates the odds of winning the national lottery …
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