Published:
You Can Bet the Office Pool Will Make You Unhappy
TEMPE, Ariz., June 25 /PRNewswire/ -- A new study shows betting in office
pools takes all the fun out of watching an event like the NCAA basketball
tournament or a reality show like "Survivor."
(Logo: http://www.newscom.com/cgi-bin/prnh/20080625/LAW122LOGO)
Professor Stephen Nowlis and Associate Professor Naomi Mandel of Arizona
State University's W. P. Carey School of Business found conclusive evidence
that office pools cause emotional uncertainty and discomfort, regardless of
whether you win or lose. Their study is published in this month's "Journal of
Consumer Research."
"Intuitively, you would think you'd enjoy events like this more if you bet
on them, but we found you enjoy them less," said Mandel, whose marketing
research frequently focuses on consumer behavior and self-esteem.
She and Nowlis repeatedly found that making predictions -- having
something to win or lose -- actually made the viewing experience unpleasant.
Therefore, even though "prediction" Web sites and office pools are rampant,
that doesn't mean they're good for you.
"Nobody likes to be wrong, so when they make predictions, they have this
little sliver of doubt that causes mixed emotions," said Nowlis. "For example,
'Survivor' is 16 weeks long. Every week you get some feedback about whether
you were right or wrong in your predictions, and you want to be correct for 16
weeks."
Office pool participants experience something called "anticipated regret,"
which may be worse than the experience of actually losing the pool. Nowlis and
Mandel found this in several tests.
For example, they asked 91 undergraduates to watch a clip from the reality
show "The Weakest Link" and asked some of the students to predict the winner
after watching just the first show segment. The students who were forced to
make a prediction demonstrated a much lower level of enjoyment than those who
just watched the show.
W. P. Carey School of Business
The W. P. Carey School of Business at Arizona State University is one of
the top-ranked and largest business schools inthe United States.
Distinguished faculty members include a Nobel Prize winner and a Fulbright
Senior Specialist. The school is internationally regarded for its research
productivity and its programs in supply chain management and services
marketing. For more information please visit wpcarey.asu.edu and
http://knowledge.wpcarey.asu.edu/.
SOURCE W. P. Carey School of Business
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