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Debiasing on a Roll : Changing Gambling Behavior through Experiential Learning

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dc.contributor.authorAbel, Martin
dc.contributor.authorCole, Shawn
dc.contributor.authorZia, Bilal
dc.date.accessioned2015-02-13T18:58:46Z
dc.date.available2015-02-13T18:58:46Z
dc.date.issued2015-02
dc.description.abstractThis paper tests experiential learning as a debiasing tool against gambling and lottery behavior in South Africa. The study implemented a simple, interactive dice game that simulates worsening winning odds of rolling sixes as more dice are added to the game. The analysis exploits two levels of exogenous variation, first from random assignment into the debiasing game, and second from the number of rolls it takes to obtain the sixes. Treated individuals who needed above-median number of rolls to obtain simultaneous sixes are significantly less likely than the control group to gamble or play the lottery in the following year. The converse is true for individuals who needed below-median number of rolls, suggesting a perverse treatment effect among this group. The analysis also finds suggestive evidence that the debiasing affected the sensitivity to varying winning odds. Changes in entertainment utility or risk preferences cannot explain these findings, rather the results are consistent with changes in risk beliefs.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/02/23990597/debiasing-roll-changing-gambling-behavior-through-experiential-learning
dc.identifier.doi10.1596/1813-9450-7195
dc.identifier.urihttps://hdl.handle.net/10986/21446
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank Group, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7195
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABSTRACT CONCEPTS
dc.subjectABSTRACT REASONING
dc.subjectADOLESCENCE
dc.subjectADVERTISEMENT
dc.subjectADVERTISEMENTS
dc.subjectAPPLIED PSYCHOLOGY
dc.subjectAPR
dc.subjectATTENTION
dc.subjectBANK ACCOUNT
dc.subjectBEHAVIOR CHANGE
dc.subjectBEHAVIORAL ECONOMICS
dc.subjectBELIEFS
dc.subjectBENCHMARK
dc.subjectBEST PRACTICE
dc.subjectBORROWING
dc.subjectBRAIN
dc.subjectBUSINESS SCHOOL
dc.subjectBUYERS
dc.subjectCALCULATION
dc.subjectCHILDHOOD
dc.subjectCOGNITION
dc.subjectCOGNITIVE PSYCHOLOGY
dc.subjectCOMPETENCE
dc.subjectCOMPLEXITY
dc.subjectCOMPOUND INTEREST
dc.subjectCONCEPTUAL FRAMEWORK
dc.subjectCONSUMER
dc.subjectCONSUMER BEHAVIOR
dc.subjectCONSUMER CREDIT
dc.subjectCONSUMERS
dc.subjectCONTRIBUTION
dc.subjectCONTROL GROUPS
dc.subjectDATA COLLECTION
dc.subjectDECISION MAKING
dc.subjectDECISION-MAKING
dc.subjectDEVELOPMENT POLICY
dc.subjectDISCUSSION
dc.subjectDISCUSSIONS
dc.subjectDOMAINS
dc.subjectECONOMICS LITERATURE
dc.subjectEDUCATIONAL THEORY
dc.subjectEMPLOYEE SAVING
dc.subjectEXPECTED UTILITY
dc.subjectEXPECTED VALUE
dc.subjectEXPERIENTIAL LEARNING
dc.subjectEXPERIMENTAL ECONOMICS
dc.subjectEXPERIMENTATION
dc.subjectFEMALE EDUCATION
dc.subjectFINANCIAL BEHAVIOR
dc.subjectFINANCIAL BEHAVIORS
dc.subjectFINANCIAL CONCEPTS
dc.subjectFINANCIAL DECISION
dc.subjectFINANCIAL EDUCATION
dc.subjectFINANCIAL EDUCATION CURRICULUM
dc.subjectFINANCIAL EDUCATION PROGRAM
dc.subjectFINANCIAL EDUCATION PROGRAMS
dc.subjectFINANCIAL KNOWLEDGE
dc.subjectFINANCIAL LITERACY
dc.subjectFINANCIAL LITERACY EDUCATION
dc.subjectFINANCIAL OUTCOMES
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SUPPORT
dc.subjectFORMAL EDUCATION
dc.subjectFUTURE RESEARCH
dc.subjectGENDER
dc.subjectGROSS REVENUES
dc.subjectHEURISTICS
dc.subjectIDEAS
dc.subjectINCOME
dc.subjectINCOME LEVEL
dc.subjectINCOME LEVELS
dc.subjectINDEBTEDNESS
dc.subjectINFERENCE
dc.subjectINFORMATION PROCESSING
dc.subjectINSIGHTS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTUITION
dc.subjectKNOWLEDGE TRANSMISSION
dc.subjectLABOR MARKET
dc.subjectLACK OF INTEREST
dc.subjectLEARNING
dc.subjectLEARNING APPROACH
dc.subjectLEARNING EFFECT
dc.subjectLEARNING METHODS
dc.subjectLEARNING STYLES
dc.subjectLEARNING THEORIES
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOAN PRODUCTS
dc.subjectLOGICAL THINKING
dc.subjectLOTTERIES
dc.subjectLOTTERY
dc.subjectLOWER INCOME
dc.subjectMATH
dc.subjectMEMORY
dc.subjectMONTHLY PAYMENT
dc.subjectORGANIZATIONAL PRACTICES
dc.subjectPATERNALISM
dc.subjectPERCEPTION
dc.subjectPERSONALITY
dc.subjectPLAYING
dc.subjectPOLITICAL ECONOMY
dc.subjectPROBABILITIES
dc.subjectPROBABILITY
dc.subjectPROVISION OF INFORMATION
dc.subjectPSYCHOLOGY
dc.subjectPUBLIC ECONOMICS
dc.subjectPURCHASES
dc.subjectREGRESSION ANALYSIS
dc.subjectRESEARCH ASSISTANCE
dc.subjectRISK AVERSE
dc.subjectRISK-AVERSE INDIVIDUALS
dc.subjectRULES OF THUMB
dc.subjectSAVINGS
dc.subjectSUM OF MONEY
dc.subjectTHINKING
dc.subjectUTILITY MAXIMIZATION
dc.subjectWEALTH
dc.titleDebiasing on a Roll : Changing Gambling Behavior through Experiential Learningen
dspace.entity.typePublication
okr.crossref.titleDebiasing on a Roll : Changing Gambling Behavior through Experiential Learning
okr.date.disclosure2015-02-01
okr.date.doiregistration2025-04-10T10:55:10.024339Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2015/02/23990597/debiasing-roll-changing-gambling-behavior-through-experiential-learning
okr.globalpracticeFinance and Markets
okr.guid496091468304853412
okr.identifier.doi10.1596/1813-9450-7195
okr.identifier.externaldocumentum000158349_20150212153932
okr.identifier.internaldocumentum23990597
okr.identifier.reportWPS7195
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/02/12/000158349_20150212153932/Rendered/PDF/WPS7195.pdfen
okr.region.administrativeAfrica
okr.region.countrySouth Africa
okr.topicEducation::Knowledge for Development
okr.topicAccess and Equity in Basic Education
okr.topicEconomic Theory and Research
okr.topicEducation::Educational Sciences
okr.topicFinance and Financial Sector Development::Financial Literacy
okr.topicMacroeconomics and Economic Growth
okr.unitFinance and Private Sector Development Team, Development Research Group
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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