Addiction to Gambling.

Risk aversion and limited liability can result in a rational to gambling. An addictive episode may be triggered by a loss and it may be terminated by a win. The gambler rationality chases a target level of wealth, while being drawn ever more strongly into a gambler's ruin.

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Year of publication:	1998
Authors:	Bardsley, P.
Institutions:	Department of Economics, Faculty of Business and Economics
Subject:	RISK \| GAMBLING

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Series:	Department of Economics - Working Papers Series.
Type of publication:	Book / Working Paper
Notes:	Number 645 9 pages
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; I39 - Welfare and Poverty. Other ; K42 - Illegal Behavior and the Enforcement of Law
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005587693