Research Shows Lack of Sleep Can Cause Increased Gambling
It is always interesting to have a look as studies on how the mind influences us in making decision regarding gambling. A recent study by Christina Baumann, Professors of Neurology at the University of Zurich found that people who sleep five hours or less are more prone to taking risk even if they do not realize they are doing so.
This is a problem with politicians and world leaders whose decisions can have major repercussions for all of us. Many cite the example of Donald Trump who is known only to sleep around 5 hours a night. The authors of the study go on to say that this finding may even explain the 2008 global financial crash. They study was based on results from 14 men in a financial game for which they gambled for cash.
The men aged between 18 and 28 were subject to only five hours of sleep a night while asking them to play an online gambling game. The options for the participants were to accept an automatic payment of 20 Swiss Francs or gamble for an amount up to 100 Swiss Francs which would offer them a larger price but could also result in them ending up with nothing.
As the lack of sleep started taking effect as the week went on, 11 of the 14 men started taking more risks and those who were classified as risk-aversive actually became risk-seeking. What was worrying is that when asked the men themselves did not thing that their behaviors had changed. The study showed that lack of sleep not only increased risker behavior but that one is nor even aware that it is indeed riskier.