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postgraduate thesis: The calling station : how feedback and regret aversion affect decision making in Texas poker
Title | The calling station : how feedback and regret aversion affect decision making in Texas poker |
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Authors | |
Issue Date | 2021 |
Publisher | The University of Hong Kong (Pokfulam, Hong Kong) |
Citation | Hui, N. Y. [許諾誼]. (2021). The calling station : how feedback and regret aversion affect decision making in Texas poker. (Thesis). University of Hong Kong, Pokfulam, Hong Kong SAR. |
Abstract | Texas hold'em is one of the most popular forms of poker game in recent years that
afford valuable insights into the decision-making process. Yet, the psychological
explanations of participants' behaviours of the participants are yet well explained. Calling
station refers to a type of passive-loose poker player who always plays the hands and calls the
bets regardless of the strength of their hole cards. The present study examined the
motivations of calling station's decision-making behaviour. It is proposed that regret aversion
triggered by the availability of feedback (community cards combinations and game results) is
the course of such conduct and drives the participants to adopt the regret-minimizing instead
of the risk-avoiding strategy. The study also investigated if the winning probability and pot
size would interact with the feedback conditions and affect an individual's behaviour. A
sample of 30 adult poker players was recruited to participate in a Texas Poker game
simulation experiment measuring their bet-call tendency, and to complete a set of
questionnaires evaluating the regret experience in the game.
Contrary to the expectation, our data shows a higher call rate in the Call-Only
feedback condition over the Always-feedback condition. Although anticipated regret may
still be one of the various causes giving rise to the call station's behaviour, the mechanisms
behind are possibly different to our predictions. This study also examined two possible
moderators of the feedback effects on the calling behaviour. As our research shows, winning
probability demonstrated significant influence on the effects of feedback when the game was
at its high or medium level. However, pot size only significantly affected the call rate of
different feedback conditions when it was large. This study's findings, though opposite to our
prediction, supported the notion that feedback remarkably instigate the calling station
behaviour and offered useful insights for future investigation.
|
Degree | Master of Social Sciences |
Subject | Decision making Feedback (Psychology) Regret |
Dept/Program | Psychology |
Persistent Identifier | http://hdl.handle.net/10722/308550 |
DC Field | Value | Language |
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dc.contributor.author | Hui, Nok Yi | - |
dc.contributor.author | 許諾誼 | - |
dc.date.accessioned | 2021-12-02T02:31:55Z | - |
dc.date.available | 2021-12-02T02:31:55Z | - |
dc.date.issued | 2021 | - |
dc.identifier.citation | Hui, N. Y. [許諾誼]. (2021). The calling station : how feedback and regret aversion affect decision making in Texas poker. (Thesis). University of Hong Kong, Pokfulam, Hong Kong SAR. | - |
dc.identifier.uri | http://hdl.handle.net/10722/308550 | - |
dc.description.abstract | Texas hold'em is one of the most popular forms of poker game in recent years that afford valuable insights into the decision-making process. Yet, the psychological explanations of participants' behaviours of the participants are yet well explained. Calling station refers to a type of passive-loose poker player who always plays the hands and calls the bets regardless of the strength of their hole cards. The present study examined the motivations of calling station's decision-making behaviour. It is proposed that regret aversion triggered by the availability of feedback (community cards combinations and game results) is the course of such conduct and drives the participants to adopt the regret-minimizing instead of the risk-avoiding strategy. The study also investigated if the winning probability and pot size would interact with the feedback conditions and affect an individual's behaviour. A sample of 30 adult poker players was recruited to participate in a Texas Poker game simulation experiment measuring their bet-call tendency, and to complete a set of questionnaires evaluating the regret experience in the game. Contrary to the expectation, our data shows a higher call rate in the Call-Only feedback condition over the Always-feedback condition. Although anticipated regret may still be one of the various causes giving rise to the call station's behaviour, the mechanisms behind are possibly different to our predictions. This study also examined two possible moderators of the feedback effects on the calling behaviour. As our research shows, winning probability demonstrated significant influence on the effects of feedback when the game was at its high or medium level. However, pot size only significantly affected the call rate of different feedback conditions when it was large. This study's findings, though opposite to our prediction, supported the notion that feedback remarkably instigate the calling station behaviour and offered useful insights for future investigation. | - |
dc.language | eng | - |
dc.publisher | The University of Hong Kong (Pokfulam, Hong Kong) | - |
dc.relation.ispartof | HKU Theses Online (HKUTO) | - |
dc.rights | The author retains all proprietary rights, (such as patent rights) and the right to use in future works. | - |
dc.rights | This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. | - |
dc.subject.lcsh | Decision making | - |
dc.subject.lcsh | Feedback (Psychology) | - |
dc.subject.lcsh | Regret | - |
dc.title | The calling station : how feedback and regret aversion affect decision making in Texas poker | - |
dc.type | PG_Thesis | - |
dc.description.thesisname | Master of Social Sciences | - |
dc.description.thesislevel | Master | - |
dc.description.thesisdiscipline | Psychology | - |
dc.description.nature | published_or_final_version | - |
dc.date.hkucongregation | 2021 | - |
dc.identifier.mmsid | 991044435125303414 | - |