Featured Research

from universities, journals, and other organizations

All Bets Are Off: Office Pools Lead To Unhappiness

Date:
June 2, 2008
Source:
University of Chicago Press Journals
Summary:
Office pools for the NCAA basketball tournament or Oscar contests are fun, right? Not according to the Journal of Consumer Research. A recent study suggests that betting on the outcome actually reduces people's enjoyment of the events.

Office pools for the NCAA basketball tournament or Oscar contests are fun, right? Not according to the Journal of Consumer Research. A recent study suggests that betting on the outcome actually reduces people’s enjoyment of the events. Authors Naomi Mandel and Stephen M. Nowlis (Arizona State University) explore this phenomenon, and why these contests are so common.

“Nobody likes to be wrong. Once a person has committed to a predicted outcome, he’s set himself up for the possibility of looking like a fool. In other words, the fear of losing [known as] ‘anticipated regret’ may actually feel worse than losing itself.” Peoples’ worry about losing the bet tends to spoil the event for them.

The study was inspired by the researchers’ experience of participating in an office pool related to the CBS television show “ Survivor.” They noticed officemates’ increased stress after locking in predictions about the show. They designed a series of experiments where they asked participants to predict or not predict the outcome of game shows and marble games.

How does the unhappiness associated with betting coexist with the growing popularity of office pools and tournament prediction contests? The researchers found that participants expected that betting on events would enhance their viewing experience, though the actual effects were the opposite.

“In a wide range of studies, people have been shown to be poor predictors of their own enjoyment and happiness,” write the authors. “Our results imply that a consumer playing roulette might actually enjoy that gamble more if the ‘house’ rather than the consumer chooses the number to be played.”

Win or lose? The authors found it doesn’t really matter. “Among those who made predictions, participants who were correct enjoyed the event no more than those who were incorrect,” they conclude.


Story Source:

The above story is based on materials provided by University of Chicago Press Journals. Note: Materials may be edited for content and length.


Journal Reference:

  1. Naomi Mandel and Stephen M. Nowlis. The Effect of Making a Prediction about the Outcome of a Consumption Experience on the Enjoyment of that Experience. Journal of Consumer Research, June 2008

Cite This Page:

University of Chicago Press Journals. "All Bets Are Off: Office Pools Lead To Unhappiness." ScienceDaily. ScienceDaily, 2 June 2008. <www.sciencedaily.com/releases/2008/05/080530132020.htm>.
University of Chicago Press Journals. (2008, June 2). All Bets Are Off: Office Pools Lead To Unhappiness. ScienceDaily. Retrieved April 23, 2014 from www.sciencedaily.com/releases/2008/05/080530132020.htm
University of Chicago Press Journals. "All Bets Are Off: Office Pools Lead To Unhappiness." ScienceDaily. www.sciencedaily.com/releases/2008/05/080530132020.htm (accessed April 23, 2014).

Share This



More Mind & Brain News

Wednesday, April 23, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

How Smaller Plates And Cutlery Could Make You Feel Fuller

How Smaller Plates And Cutlery Could Make You Feel Fuller

Newsy (Apr. 22, 2014) NBC's "Today" conducted an experiment to see if changing the size of plates and utensils affects the amount individuals eat. Video provided by Newsy
Powered by NewsLook.com
Do We Get Nicer With Age?

Do We Get Nicer With Age?

Newsy (Apr. 22, 2014) A recent report claims personality can change over time as we age, and usually that means becoming nicer and more emotionally stable. Video provided by Newsy
Powered by NewsLook.com
How to Master Motherhood With the Best Work/Life Balance

How to Master Motherhood With the Best Work/Life Balance

TheStreet (Apr. 22, 2014) In the U.S., there are more than 11 million couples trying to conceive at any given time. From helping celebrity moms like Bethanny Frankel to ordinary soon-to-be-moms, TV personality and parenting expert, Rosie Pope, gives you the inside scoop on mastering motherhood. London-born entrepreneur Pope is the creative force behind Rosie Pope Maternity and MomPrep. She explains why being an entrepreneur offers the best life balance for her and tips for all types of moms. Video provided by TheStreet
Powered by NewsLook.com
Sorry, Guys, Only Women Can Make Their Voices Sound Sexier

Sorry, Guys, Only Women Can Make Their Voices Sound Sexier

Newsy (Apr. 21, 2014) According to researchers at Albright College, women have the ability to make their voices sound sexier, but men don't. Video provided by Newsy
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:

Breaking News:
from the past week

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile: iPhone Android Web
Follow: Facebook Twitter Google+
Subscribe: RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins