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Keywords: Gambler’s martingale
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Journal Articles
Journal of Accounting Literature (2014) 33 (1-2): 58–84.
Published: 01 November 2014
... literature in connection with internal control, but were not considered from the perspective of Prospect Theory. It is striking that these cases are costly, all participants are young men, and almost all had followed the gambler’s martingale strategy – i.e., double down. While these cases are informative...

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