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Chinese and English probabilistic thinking and risk taking in gambling
Journal article   Peer reviewed

Chinese and English probabilistic thinking and risk taking in gambling

Lai-Yin Lau and Rob Ranyard
Journal of Cross-Cultural Psychology, Vol.36(5), pp.621-627
2005

Abstract

Risk risk taking gambling cross-cultural psychology probabilistic thinking Psychology
This study investigated cultural differences in probabilistic thinking and risk taking. A View of Uncertainty Questionnaire assessed the probabilistic thinking of Chinese and English gamblers and nongamblers and a hypothetical Horse Racing Task assessed risk-taking behavior (N = 120). The Chinese exhibited significantly less probabilistic thinking and riskier gambling decisions. A path analysis found that degree of probabilistic thinking was one (but not the only) source of the observed cultural differences in risk taking.
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