..

Those 2011 Office Pools May Lead to Betting Anxiety Claims PhD

Written by:
Don Shapiro
Published on:
Mar/12/2011

It’s that time of year when work places across the US are inundated with March Madness office pools.  Countless numbers of people are expected to take part in 2011 office pools, including people who have never watched a single game of college basketball.

The activity is not without its risks, claims Stephen M. Nowlis, PhD, who released a 2008 paper in the Journal of Consumer Research titled “The Effect of Making a Prediction about the Outcome of a Consumption Experience on the Enjoyment of That Experience”

Predictions become more aversive when the outcome of the event is highly uncertain,” the August A. Busch, Jr. Distinguished Professor of Marketing noted.

A series of four experiments demonstrated that consumers who make predictions about uncertain events experience significantly less enjoyment while observing the events thanthose who don’t make predictions.“We thought the opposite would be true,” says Nowlis. “We explain our results in terms of anticipated regret. In fact, removing the source of anticipated regret eliminates the negative effect of prediction on enjoyment.”

Nowlis added:  “One compelling finding from our studies was that, among those who made predictions, participants who were correct enjoyed the event no more than those who were incorrect.”

- Don Shapiro, Gambling911.com

Basketball Odds News

Mavericks vs Warriors (Game 5) | NBA Conference Finals | Best NBA Picks and Predictions

Mavericks vs Warriors (Game 5) | NBA Conference Finals | Best NBA Picks and Predictions

The Dallas Mavericks finally came to life to avoid the sweep against the Golden State Warriors. Although the Warriors reserves made a late push, the outcome was never in doubt as the Mavericks improved their shooting to cruise to victory.

Boston Celtics vs Miami Heat (Game 5) | NBA Conference Finals Picks, Predictions & Best Bets

The Miami Heat had a tough start to Game 4 with only 11 points scored in the first quarter. The Heat never recovered and the Boston Celtics cruised to a 102-82 lead. It continued the trend of alternating blowouts.

Warriors-Mavs Game 3 May 22 Betting Preview

Warriors-Mavs Game 3 May 22 Betting Preview

Game 3 of the Warriors-Mavericks game had Dallas as a -3 home favorite after opening at -2.

Boston Celtics vs Miami Heat (Game 2) | NBA Conference Finals Picks, Predictions & Best Bets

Boston Celtics vs Miami Heat (Game 2) | NBA Conference Finals Picks, Predictions & Best Bets

The Miami Heat took the lead in the NBA Eastern Conference Finals with a 118-107 victory over the Boston Celtics. The Boston Celtics took a 52-49 lead into halftime but were blown away in the 3rd quarter 39-14.

Mavs vs. Suns Game 7 Betting Props

Mavs vs. Suns Game 7 Betting Props

The Phoenix Suns and the Dallas Mavericks face off in game seven of the Western Conference second round with Phoenix a -6.5 home favorite.

Syndicate