| Title |
The Overestimation Phenomenon in a Skill-Based Gaming Context: The Case of March Madness Pools
|
|---|---|
| Published in |
Journal of Gambling Studies, January 2015
|
| DOI | 10.1007/s10899-015-9520-7 |
| Pubmed ID | |
| Authors |
Dae Hee Kwak |
| Abstract |
Over 100 million people are estimated to take part in the NCAA Men's Basketball Tournament Championship bracket contests. However, relatively little is known about consumer behavior in skill-based gaming situations (e.g., sports betting). In two studies, we investigated the overestimation phenomenon in the "March Madness" context. In Study 1 (N = 81), we found that individuals who were allowed to make their own predictions were significantly more optimistic about their performance than individuals who did not make their own selections. In Study 2 (N = 197), all subjects participated in a mock competitive bracket pool. In line with the illusion of control theory, results showed that higher self-ratings of probability of winning significantly increased maximum willingness to wager but did not improve actual performance. Lastly, perceptions of high probability of winning significantly contributed to consumers' enjoyment and willingness to participate in a bracket pool in the future. |
X Demographics
The data shown below were collected from the profiles of 2 X users who shared this research output. Click here to find out more about how the information was compiled.
Geographical breakdown
| Country | Count | As % |
|---|---|---|
| United States | 1 | 50% |
| Unknown | 1 | 50% |
Demographic breakdown
| Type | Count | As % |
|---|---|---|
| Scientists | 2 | 100% |
Mendeley readers
The data shown below were compiled from readership statistics for 46 Mendeley readers of this research output. Click here to see the associated Mendeley record.
Geographical breakdown
| Country | Count | As % |
|---|---|---|
| Spain | 1 | 2% |
| Unknown | 45 | 98% |
Demographic breakdown
| Readers by professional status | Count | As % |
|---|---|---|
| Student > Ph. D. Student | 7 | 15% |
| Researcher | 7 | 15% |
| Student > Master | 7 | 15% |
| Student > Bachelor | 4 | 9% |
| Student > Doctoral Student | 2 | 4% |
| Other | 9 | 20% |
| Unknown | 10 | 22% |
| Readers by discipline | Count | As % |
|---|---|---|
| Psychology | 10 | 22% |
| Social Sciences | 5 | 11% |
| Nursing and Health Professions | 4 | 9% |
| Sports and Recreations | 4 | 9% |
| Business, Management and Accounting | 3 | 7% |
| Other | 8 | 17% |
| Unknown | 12 | 26% |
Attention Score in Context
This research output has an Altmetric Attention Score of 94. This is our high-level measure of the quality and quantity of online attention that it has received. This Attention Score, as well as the ranking and number of research outputs shown below, was calculated when the research output was last mentioned on 12 March 2018.
All research outputs
#452,499
of 25,373,627 outputs
Outputs from Journal of Gambling Studies
#21
of 989 outputs
Outputs of similar age
#5,440
of 358,615 outputs
Outputs of similar age from Journal of Gambling Studies
#1
of 9 outputs
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