Hoarding all of the chips: Slot machine gambling and the foraging for coins

Abstract

Predictions made by the "incentive hope" hypothesis account for overconsumption in unpredictable food environments. However, when applied to uncertain gambling situations, there are several areas where this theory falls short. Most notably, it has trouble explaining why, in slot machine gambling, players are motivated by extended play to spend time trying to resolve uncertainty, rather than hoarding monetary gains.