Forum
What is DR@W Forum?
DR@W Forum is an interdisciplinary discussion series which focuses on theoretical and empirical research about decision making.
The usual structure of the forum is a 30 - 45 minute introduction of the topic/working paper, with ample additional time for discussion.
The audience prefers discussing work-in-progress topics as opposed to finished papers. We meet on Thursdays between 2:30 and 3:45pm during term time. Contact John Taylor (John.Taylor[at]wbs.ac.uk) if you would like to suggest a speaker for a future event. Notifications of upcoming DR@W Forum events along with other decision research related activities can be obtained by registering with the moderated mailing list - email behaviour_spotlight at newlistserv dot warwick dot ac dot uk to be added to the list.
If you attend DR@W please take some time to fill in our survey It helps us understand who our audience are and how we can widen participation.
DR@W Forum (Hybrid Session): Daniel Bennett (Monash)
Contemporary sports-betting products offer a raft of novel in-play betting features designed to incentivise customer engagement. Among these, one prominent feature available on most interactive betting platforms is ‘cash out’. The cash-out feature allows customers who have wagered on an event to forgo their stake in the event prior to its conclusion in exchange for a (discounted) early payout. In spite of its ubiquity in the world of sports betting, it remains unknown how and why bettors use this feature, as well as whether the mere availability of a cash-out option affects betting behaviour. In this talk I will report the results of several recent experiments using a novel experimental gambling task in which participants were offered the option to cash out of their risky bets. Briefly, results suggest (a) that the availability of a cash-out option may incentivise participants to place larger wagers, and (b) that individual differences in use of the cash-out feature are associated with inter-individual differences in self-reported impulsivity in unexpected ways. Although we focus on the application of these findings to gambling, they also have bearing on a broader class of financial decisions, namely those in which the owner of a risky asset must weigh the guaranteed immediate returns of selling the asset against the potential costs and benefits of retaining it into the future.
Meeting ID: 916 8441 3354
Passcode: 500912