Glossary Terms Archive - Casino Cognition: Judgment & Decision Making in the Casino

dealer signature

Dealer signature in casino rouletteRoulette is a popular casino table game originating from France. Players place bets on either a single number, various groupings of numbers, the colors red… More refers to the notion that over time rouletteRoulette is a popular casino table game originating from France. Players place bets on either a single number, various groupings of numbers, the colors red... More dealersA "croupier" is primarily a European term, referring to the casino game attendant responsible for managing the betting and game actions of table games, especially... More may—intentionally or unintentionally—come to spin the wheel and release the ball so consistently that it leads […]

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decisions from description, decisions from experience, and decisions in the wild

Will

Decisions from Experience vs Decisions from DescriptionDecisions from Experience vs Decisions from Description "Decisions from description" and "decisions from experience" are two paradigms in the experimental study of behavioral decision making.... More “Decisions from description” and “decisions from experience” are two paradigms in the experimental study of behavioral decision making. In “decisions from descriptionDecisions from Experience vs Decisions from Description “Decisions from description” and “decisions from experience” are two paradigms in the experimental study of behavioral decision making…. More,” individuals

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decisions under certainty, uncertainty, and risk

Will

Decisions can be categorized based on the amount and nature of information available and decision scientists have developed somewhat standard definitions of the terms “risk”, “uncertainty”, and “certainty” to help with this distinction. Under “certainty”, the decision-maker knows with absolute clarity the outcomes associated with each decision, with no probabilities involved. An example is the

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diamond (roulette)

Will

A rouletteRoulette is a popular casino table game originating from France. Players place bets on either a single number, various groupings of numbers, the colors red… More diamondA rouletteRoulette is a popular casino table game originating from France. Players place bets on either a single number, various groupings of numbers, the colors red... More diamondA roulette diamond, commonly referred to as a "deflector", is a small, often triangular or diamond-shaped piece that protrudes from the inner wall of the... More, commonly referred to as a “deflector”, is a small, often triangular or diamond-shaped piece that protrudes from the inner wall of the… More, commonly referred

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double down, double

Will

Players may have the option to double downPlayers may have the option to double down, or just double, after receiving their first two cards and seeing the dealer's up-card, but before taking... More, or just double, after receiving their first two cards and seeing the dealer’s up-card, but before taking any additional cards. Doubling involves matching the original bet by stacking the same amount in chips behind the original bet. Some casinos allow players to “double for less” by adding

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