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7 Δεκ 2021 · Consumers of gambling services could thus be seen as rational economic agents purchasing a commodity that offers entertainment and excitement, as well as some hope of acquiring a higher level of income and wealth (see Eadington, 1975, 1999).
12 Νοε 2013 · Specifically, we divide the handbook into sections on casinos, sports betting, racetrack betting, betting strategy, motivation, behaviour and decision-making in betting markets, prediction markets and political betting, and lotteries and gambling machines.
13 Οκτ 2021 · The typical gambler loses money but continues to gamble nonetheless. Why? Research from orthodox and behavioral economics, psychology, sociology, and medicine has offered a wide range of...
22 Ιουλ 2022 · Here, we present a two-stage model, motivated by empirical literature and intuitive assumptions, that improves on existing economic models by distinguishing between the likelihood of gambling participation and of gambling that yields a negative utility.
27 Σεπ 2024 · In this paper, we demonstrate that many well-known theories of decision making under risk cannot explain the finding that people place (almost) symmetric 50%-50% bets in roulette gambling.
23 Ιουν 2017 · This chapter discusses six popular forms of gambling—lottery, scratch cards, roulette, fruit machines, sports betting, and card games—and indicates how they illustrate the way that people reason about money and probability.
Abstract. The typical gambler loses money but continues to gamble nonetheless. Why? Research from orthodox and behavioral economics, psychology, sociology, and medicine has offered a wide range of possible explanations. This paper reviews these explanations.