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Academic research: Gambling literacy quiz Academic research: Gambling literacy quiz

03-01-2023 , 05:52 PM
Quote:
Originally Posted by MrHrafn
score 3/9
I know these kinds of simplistic views on life and reality are based in hate for the world and earth. These doctors heal no one and are quacks. I see this survey as something near to the Inquisition. Every one should know probalility is not a theory of reality but a modernist way of coping with the limits of perception. I suggest everyone should look into "Random Walk" theory this is much closer to the truth than mouthing the "gamblers fallacy" like a church creed.
I, too, love magic mushrooms.
Academic research: Gambling literacy quiz Quote
03-01-2023 , 07:29 PM
Had to delete a couple posts. I don't think it's too difficult to not comment on specific questions without spoiler tags?

Feel free to message OP if you would like to discuss a question.
Academic research: Gambling literacy quiz Quote
03-01-2023 , 09:52 PM
Quote:
Originally Posted by TRUSTtheDRAWCESS
Interesting quiz but I have issues with one question

Spoiler:


A gambler goes to the casino and wins 75% of the time. How many times has he or she likely gone to the casino?

The choices were: 4 times, 100 times, It is just as likely that he has gone either 4 or 100 times

This question implies that the gambler has a system that allows him to win 75% of the time they go to the casino. Indicating he is a winning player with some sort of strategy that has that exact winrate. Thus, the answer should be either 4 or 100 are equally as likely.

For the answer of 4 times to be correct, the question should be phrased as the gambler has won 75%, which indicates luck.



I think it’s referring to

Spoiler:

Sample sizes and variance. Winning 75% on a small sample size is more likely than a larger one.

Academic research: Gambling literacy quiz Quote
03-01-2023 , 11:10 PM
Quote:
Originally Posted by Dr. Meh
I think it’s referring to

Spoiler:

Sample sizes and variance. Winning 75% on a small sample size is more likely than a larger one.

Spoiler:
I think it's also a "are you aware that all casino game odds are set in such a way that you can't win long-term" question. Overall a fun quiz but it reminds me of a driving exam where you don't need to know the material to see which answer is correct. A weekly homework question about a specific gambling situation would kinda be interesting, refresher math and probability courses would really be useful for most non-gamblers in life.
Academic research: Gambling literacy quiz Quote
03-02-2023 , 12:04 AM
7/9. My quibbles

Spoiler:


Doing good deeds won't change the odds on a dice throw. It has a number of other effects like increasing your self esteem, which can affect poker.

Slot question is objectively wrong. If a machine hasn't hit the jackpot for a month, it might be more likely to hit, it might not. Some slots have big signs on them saying they must hit a progressive jackpot before it hits a certain amount, such as $500.

People have legally won at all 3 games: bingo, roulette and slots using the right approach. IDK if "strategy" is the right word or not. Here's a guy who beat roulette.

https://en.wikipedia.org/wiki/Richard_Jarecki

In the 1960s and 1970s, Jarecki started visiting casinos across Europe and began working with his wife Carol and others to keep track of tens of thousands of spins of roulette wheels, often over the course of a month. After analyzing the results, Jarecki was able to determine that some wheels had a subtle bias that made it more likely to land on certain numbers due to imperfections and wear,

Academic research: Gambling literacy quiz Quote
03-02-2023 , 04:50 AM
Many thanks to everyone who has taken part so far! The average completion time is 4 minutes --- so this survey is really quick and easy in case anyone is sitting on the fence about giving it a go.
Academic research: Gambling literacy quiz Quote
03-02-2023 , 06:19 PM
Quote:
Originally Posted by philnewall
Many thanks to everyone who has taken part so far! The average completion time is 4 minutes --- so this survey is really quick and easy in case anyone is sitting on the fence about giving it a go.
Are you going to do anything about the incorrect answers?
Academic research: Gambling literacy quiz Quote
03-02-2023 , 06:30 PM
It’s OK you got one wrong. We don’t look at you differently.
Academic research: Gambling literacy quiz Quote
03-02-2023 , 07:23 PM
Quote:
Originally Posted by SeaKing
9/9, but I had issues with three of the questions:

(Don't read if you haven't taken the survey yet)
Spoiler:
For the question about which series of lottery numbers would win with a higher probability between the 1, 2, 3, 4, 5, 6 series and the other with larger numbers, the lower digit sequence could be chosen in a lottery where the potential outcomes for each number only go up to 6, this would give this sequence a higher probability of winning than picking a sequence that would have to exist in a lottery with a greater number of permutations.

Your chance of winning or rather the degree of winning (prize share) in a lottery are potentially higher or lower when you pick your own numbers as certain sequences are picked with a higher frequency and have a smaller prize share when they win because of prize splitting.

If you flip a coin that lands heads 5 times in a row it is more likely to be an unfair/non-fair coin in the same way that if you roll a "6" on a die 5 times in a row it you are more likely to be rolling a weighted die.

Obviously all three of these are considering more angles than the more simple surface level questions and it was easy to not level myself with the smartass "correct wrong answers," but the questions should be more clearly defined to eliminate the potential misinterpretations I outlined. The first should specify the upper bound of each number chosen, the second should specify that winning any partial share of the top prize in a lottery is considered equally winning to any other partial or full share, and the third should specify that it is a "fair coin."
9/9 because I can read between the lines, but exactly what SeaKing said
Academic research: Gambling literacy quiz Quote
03-02-2023 , 09:00 PM
The question that really bothers me is
Spoiler:
#6 It seems to me that betting your bankroll on one bet gives you the best chance of doubling up, because a series of small bets means that the casino's edge will inevitably erode yoo the your roll. Regression to the mean!
Academic research: Gambling literacy quiz Quote
03-02-2023 , 09:09 PM
9/9, I was ready to rail against
Spoiler:
the 'highest likelihood to double your money' question (to which, I think, the answer is inconclusive without the bets' odds)
, but since you gave me the point I'll take it.

Makes me even more disappointed that I've come to realize I was much closer to being addicted to gambling while playing poker than I thought at the time. Turns out I can get addicted to slots, a dumb man's non-game. Got out of that habit now, but it was a sad ride. Only my self-control to blame.

Last edited by Spork; 03-02-2023 at 09:13 PM. Reason: spoiler
Academic research: Gambling literacy quiz Quote
03-03-2023 , 12:47 AM
9/9
Academic research: Gambling literacy quiz Quote
03-03-2023 , 03:08 AM
8/9

Last edited by madlex; 03-03-2023 at 10:01 AM. Reason: Removed commentary
Academic research: Gambling literacy quiz Quote
03-03-2023 , 03:38 AM
Dude. How hard is it to read not to post the questions?
Academic research: Gambling literacy quiz Quote
03-03-2023 , 04:54 AM
Quote:
Originally Posted by NVF
Are you going to do anything about the incorrect answers?
What do you mean?
Academic research: Gambling literacy quiz Quote
03-03-2023 , 10:02 AM
Please do not comment on individual questions while the survey is still active
Academic research: Gambling literacy quiz Quote
03-03-2023 , 11:14 AM
9/9 ship it
Academic research: Gambling literacy quiz Quote
03-06-2023 , 04:57 PM
7/9
Academic research: Gambling literacy quiz Quote
03-11-2023 , 11:50 AM
9/9. What do I win?
Academic research: Gambling literacy quiz Quote
03-11-2023 , 02:17 PM
My wife took it and she got 7/9. She doesn't do any form of gambling.
Academic research: Gambling literacy quiz Quote
03-11-2023 , 06:50 PM
lol, one of your "correct" answers contradicted the premise of the question ...which stated X % as a result.

The "likelihood" of the stated result was 100% because the stated % result is stated in the premise for the question.

You need to rewrite your question, sorry.
Academic research: Gambling literacy quiz Quote
03-13-2023 , 11:25 AM
Thanks to everyone who has taken part so far! The questions/answers are standard ones used in gambling research, but the comments you have provided so far using the spoiler tags are useful and providing an interesting perspective for the study.

I'll provide results and a full debrief once we finish data collection.

In the meantime, I do have some other poker research that you might find interesting. This is an interview study with 19 top pros. I can't reveal who they are, but we had six bracelet winners in the study (4 of whom had won multiple bracelets). I learned a lot from these interviews.

Elite professional online poker players: factors underlying success in a gambling game usually associated with financial loss and harm

Quote:
Most gamblers lose money, and this means that a behavioral dependence to gambling can cause harm. However, some professional gamblers win consistently, and there is little academic literature on their psychology and how they differ from disordered gamblers. To contribute to this understudied area, we qualitatively analyzed interviews with 19 elite online professional poker players, by examining factors from the disordered gambling and decision-making literatures. Like disordered gamblers, participants displayed aspects of a behavioral dependence to gambling, but contrastingly did not generally experience harm. Other contrasts included their rational approach to statistical thinking, a general self-reported tendency to not be impulsive, and their social connections with other experts. One factor that did not yield clear contrasting results was whether or not they experienced early big wins. Parallels with the decision-making literature included their assessment of decision quality based on expected value rather than realized outcomes, their reluctance to take risks outside of their ‘circle of competence,’ and their ‘active open-minded’ thinking style. This study contributes to gambling psychology via an in-depth exploration of an understudied group.
https://www.tandfonline.com/doi/full...9.2023.2179997
Academic research: Gambling literacy quiz Quote
03-14-2023 , 12:16 PM
Academic research: Gambling literacy quiz Quote
03-14-2023 , 12:18 PM
questions all seemed the same...
cliff notes
what are chances of coin flip being 50%?
Academic research: Gambling literacy quiz Quote
03-14-2023 , 03:00 PM
Quote:
Originally Posted by TRUSTtheDRAWCESS
Interesting quiz but I have issues with one question

Spoiler:


A gambler goes to the casino and wins 75% of the time. How many times has he or she likely gone to the casino?

The choices were: 4 times, 100 times, It is just as likely that he has gone either 4 or 100 times

This question implies that the gambler has a system that allows him to win 75% of the time they go to the casino. Indicating he is a winning player with some sort of strategy that has that exact winrate. Thus, the answer should be either 4 or 100 are equally as likely.

For the answer of 4 times to be correct, the question should be phrased as the gambler has won 75%, which indicates luck.



I got this one wrong too. 8/9

Quote:
Originally Posted by Dr. Meh
I think it’s referring to

Spoiler:

Sample sizes and variance. Winning 75% on a small sample size is more likely than a larger one.

Considered this after the fact.

Quote:
Originally Posted by RosaParks1
Spoiler:
I think it's also a "are you aware that all casino game odds are set in such a way that you can't win long-term" question. Overall a fun quiz but it reminds me of a driving exam where you don't need to know the material to see which answer is correct. A weekly homework question about a specific gambling situation would kinda be interesting, refresher math and probability courses would really be useful for most non-gamblers in life.
I did read the question and incorrectly assumed it was from a (winning)poker player's perspective(aka having an edge) vs a casino games playing gambler(having negative expectation).
Academic research: Gambling literacy quiz Quote

      
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