Summary

Summary

Blackjack, Regret Aversion and Your Wealth

The central theme of this paper is to analyze the cause of the behavior of individuals who become pregnant with fear of taking the wrong path during the game. As a matter of fact, that particular need of actions usually results in leaving a lot of money for others in terms of their win. The game, however, follow zero sum theory, which means gain of one party over the loss of other (Benartzi & Carlin, 2008).

This has great significance with the black jack game. According to this game, the sum of player's ...