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Pathological gambling caused by excessive optimism

Compulsive gamblers suffer from an optimism bias that modifies their subjective representation of probability and affects their decisions in situations involving high-risk monetary wagers. This is the conclusion drawn by ...

Psychology & Psychiatry created Apr 30, 2013 | popularity not rated yet | comments 0

It's a sure thing: Knowledge of the game is not an advantage in sports gambling

Psychologists have traditionally characterized compulsive gambling as an "impulse control disorder," and treated it by addressing the patient's obsessive tendencies. But according to Prof. Pinhas Dannon of Tel Aviv University's ...

Psychology & Psychiatry created Mar 19, 2013 | popularity not rated yet | comments 1

Want to ace that interview? Make sure your strongest competition is interviewed on a different day

Whether an applicant receives a high or low score may have more to do with who else was interviewed that day than the overall strength of the applicant pool, according to new research published in Psychological Science, a journa ...

Psychology & Psychiatry created Jan 17, 2013 | popularity 3 / 5 (2) | comments 1 | with audio podcast

More casinos does not mean more gamblers

A new study out of the University of Iowa examined how casino growth in the state has influenced gambling by residents. The survey suggests that fewer Iowans gambled overall and also that fewer people have ...

Psychology & Psychiatry created Dec 14, 2012 | popularity not rated yet | comments 0 | with audio podcast

Gamblers in a spin over frustrating losses

A new study provides evidence that gamblers interpret near-misses as frustrating losses rather than near-wins. This frustration stimulates the reward systems in the brain to promote continued gambling, according to Mike Dixon ...

Psychology & Psychiatry created Oct 09, 2012 | popularity not rated yet | comments 0

Gambling addiction—working to understand

Odds are that you imagine gamblers as people simply trying to get lucky and win a big payoff. But when Natasha Schull, an associate professor in MIT's Program in Science, Technology, and Society (STS), began ...

Addiction created Sep 04, 2012 | popularity not rated yet | comments 0 | with audio podcast

Internet gambling on the rise in Australia

(Medical Xpress) -- Internet gambling is on the rise in Australia according to new research from the University of Sydney and Southern Cross University, with factors such as convenience and ease of access ...

Psychology & Psychiatry created Jan 18, 2012 | popularity not rated yet | comments 0

Research reveals power of the subconscious in human fear

The human subconscious has a bigger impact than previously thought on how we respond to danger, according to research led by the University of Exeter. Published today, the study shows that our primitive response to fear can ...

Psychology & Psychiatry created Jan 18, 2012 | popularity not rated yet | comments 0

Furor in Greece over pedophilia as a disability

(AP) -- Greek disability groups expressed anger Monday at a government decision to expand a list of state-recognized disability categories to include pedophiles, exhibitionists and kleptomaniacs.

Health created Jan 09, 2012 | popularity 4.7 / 5 (6) | comments 32

Depression study reveals two sides to illusion of control

(Medical Xpress) -- A study into depression is shedding new light on a fascinating facet of human psychology - that we can readily delude ourselves into thinking we control events, even when we know we do not.

Psychology & Psychiatry created Sep 09, 2011 | popularity 4.5 / 5 (2) | comments 5 | with audio podcast

Betting on good luck and 4-leaf clovers: Connection between impulsivity, superstitions

Research led by the University of Cambridge has found a link between impulsivity and flawed reasoning (such as believing in superstitious rituals and luck) in problem gamblers.

Psychology & Psychiatry created Jun 29, 2011 | popularity not rated yet | comments 0 | with audio podcast

Is the description-experience gap in risky choice limited to rare events?

Psychology researchers at the University of Alberta have found an interesting wrinkle in the decision- making process people use when gambling: People confronted with risky choices respond differently when they rely on past ...

Psychology & Psychiatry created Jun 02, 2011 | popularity not rated yet | comments 0

Gambling problem exposed as access grows

A new paper by University of Calgary psychologist Dr. David Hodgins says the proliferation of gambling opportunities around the world, particularly online, is increasing the visibility of gambling disorders and giving access ...

Psychology & Psychiatry created May 19, 2011 | popularity not rated yet | comments 0 | with audio podcast

50 years on, UK betting shops lure new breed of punters

Fifty years after legalisation, the UK's betting shops are attracting a new type of customer. This widening appeal may have harmful consequences in terms of problem gambling, argues initial research findings funded by the ...

Psychology & Psychiatry created May 09, 2011 | popularity not rated yet | comments 0

Researchers pinpoint brain region that influences gambling decisions

(Medical Xpress) -- When a group of gamblers gather around a roulette table, individual players are likely to have different reasons for betting on certain numbers. Some may play a "lucky" number that has ...

Neuroscience created May 05, 2011 | popularity not rated yet | comments 0 | with audio podcast

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Gambling

Gambling is the wagering of money or something of material value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Typically, the outcome of the wager is evident within a short period.

The term gaming in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; i.e., a “gaming” company offers (legal) “gambling” activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not universally observed in the English-speaking world. For instance, in the UK, the regulator of gambling activities is called the Gambling Commission (not the Gaming Commission). Also, the word gaming is frequently used to describe activities that do not involve wagering, especially online.

Gambling is also a major international commercial activity, with the legal gambling market totaling an estimated $335 billion in 2009. In other forms, gambling can be conducted with materials which have a value, but aren't real money; for example, games like Pogs or Magic: The Gathering.

For more information about Gambling, read the full article at Wikipedia.
This text uses material from Wikipedia and is available under the GNU Free Documentation License.