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Why some people love to bet
Source: Agencies |
February 10, 2010, Wednesday
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PEOPLE are afraid to lose money and the latest research explains why some are afraid to gamble - the brain's fear center controls the response to a bet.
The study of two women with brain lesions that made them unafraid to lose on a gamble showed the amygdala, the brain's fear center, activates at the very thought of losing money.
The finding, reported in the Proceedings of the National Academy of Sciences, offers insight into economic behavior and suggests that humans evolved to be cautious about the prospects of losing food or other valued possessions.
Benedetto De Martinoa of the California Institute of Technology in Pasadena and University College of London and colleagues were studying why people will turn down gambles that are likely to lead to gain.
"Laboratory and field evidence suggests that people often avoid risks with losses even when they might earn a substantially larger gain, a behavioral preference termed 'loss aversion'," they wrote.
"For instance, people will avoid gambles in which they are equally likely to either lose US$10 or win US$15, even though the expected value of the gamble is positive (US$2.50)."
They studied two women with a rare genetic condition called Urbach-Wiethe disease, which damages the amygdala, the almond-shaped center in the brain that controls fear and other acute emotions.
The researchers compared the women's responses to 12 people with undamaged brains. They noted this kind of study usually involves only a few people as it is not possible or ethical to deliberately damage a person's brain to see what happens.
The volunteers were asked to make bets in which there was an equal probability they would win US$20 or lose US$5 (a risk most people will take), or would win or lose US$20 (one most people will reject). The two patients with damaged brains fearlessly risked a US$50 stake.
"We think this shows that the amygdala is critical for triggering a sense of caution toward making gambles in which you might lose," said Colin Camerera of University College London, who worked on the study.
"A fully functioning amygdala appears to make us more cautious," added his colleague Ralph Adolphs. "We already know that the amygdala is involved in processing fear, and it also appears to make us 'afraid' to risk losing money."
The study could also help researchers understand why some people are more willing to take risks than others.
The study of two women with brain lesions that made them unafraid to lose on a gamble showed the amygdala, the brain's fear center, activates at the very thought of losing money.
The finding, reported in the Proceedings of the National Academy of Sciences, offers insight into economic behavior and suggests that humans evolved to be cautious about the prospects of losing food or other valued possessions.
Benedetto De Martinoa of the California Institute of Technology in Pasadena and University College of London and colleagues were studying why people will turn down gambles that are likely to lead to gain.
"Laboratory and field evidence suggests that people often avoid risks with losses even when they might earn a substantially larger gain, a behavioral preference termed 'loss aversion'," they wrote.
"For instance, people will avoid gambles in which they are equally likely to either lose US$10 or win US$15, even though the expected value of the gamble is positive (US$2.50)."
They studied two women with a rare genetic condition called Urbach-Wiethe disease, which damages the amygdala, the almond-shaped center in the brain that controls fear and other acute emotions.
The researchers compared the women's responses to 12 people with undamaged brains. They noted this kind of study usually involves only a few people as it is not possible or ethical to deliberately damage a person's brain to see what happens.
The volunteers were asked to make bets in which there was an equal probability they would win US$20 or lose US$5 (a risk most people will take), or would win or lose US$20 (one most people will reject). The two patients with damaged brains fearlessly risked a US$50 stake.
"We think this shows that the amygdala is critical for triggering a sense of caution toward making gambles in which you might lose," said Colin Camerera of University College London, who worked on the study.
"A fully functioning amygdala appears to make us more cautious," added his colleague Ralph Adolphs. "We already know that the amygdala is involved in processing fear, and it also appears to make us 'afraid' to risk losing money."
The study could also help researchers understand why some people are more willing to take risks than others.
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