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Other People's Money : Gambling and Bankruptcy
Duns, John - 2009
There has been a renewed focus on gambling and its social consequences. One potential consequence facing gamblers is … bankruptcy. This article considers how gambling and gambling debts are treated in bankruptcy. It includes an examination of the … extent to which gambling is a cause of bankruptcy; whether gambling debts should be treated differently from other debts; the …
Persistent link: https://www.econbiz.de/10012764714
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The Sham of Integrity Fees in Sports Betting
Holden, John T. - 2020
sports gambling for the first time in more than 25 years. The advent of legalized gambling has sports leagues clamoring for … compensation from states that authorize wagers on the particular leagues' games. Legal sports gambling promises to be one of the … largest growth industries in the United States for years to come. Americans spent upwards of $150 billion gambling illegally …
Persistent link: https://www.econbiz.de/10012849743
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Casinos, Crime and Community Costs
Grinols, Earl L.; Mustard, David B.; Dilley, Cynthia Hunt - 2015
Casino gaming - providing negative expected return with positive variance - has puzzled economists with respect to a number of issues, including the extent to which casinos are tied to externalities. In the case of tobacco, the link between use and health-related externalities has led to state...
Persistent link: https://www.econbiz.de/10014152929
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The impact of state lotteries and casinos on state bankruptcy filings
Grote, Kent R.; Matheson, Victor A. - 2013
Persistent link: https://www.econbiz.de/10010436867
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Do casinos export bankruptcy?
Garrett, Thomas Andrew (contributor);  … - 2005
Persistent link: https://www.econbiz.de/10003172774
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Peers’ Income and Financial Distress : Evidence from Lottery Winners and Neighboring Bankruptcies
Agarwal, Sumit - 2020
SUPRSEDES WP 18-16 We examine whether relative income differences among peers can generate financial distress. Using lottery winnings as plausibly exogenous variations in the relative income of peers, we find that the dollar magnitude of a lottery win of one neighbor increases subsequent...
Persistent link: https://www.econbiz.de/10012851047
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Does Inequality Cause Financial Distress? Evidence from Lottery Winners and Neighboring Bankruptcies
Agarwal, Sumit - 2017
Revised Oct 2016. We test the hypothesis that income inequality causes financial distress. To identify the effect of income inequality, we examine lottery prizes of random dollar magnitudes in the context of very small neighborhoods (13 households on average). We find that a C$1,000 increase in...
Persistent link: https://www.econbiz.de/10012970043
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Do slot machines cause bankruptcy? : a regulatory natural experiment with exogenous changes to slot locations
Mikhed, Vyacheslav; Scholnick, Barry; Byun, Hyungsuk - 2016
neighboring bankruptcies. These effects are dependent on the dollar amount of gambling removed from each location, as well as the …
Persistent link: https://www.econbiz.de/10011881003
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The Foster-Hart measure of riskiness for general gambles
Hellmann, Tobias; Riedel, Frank - In: Theoretical economics : TE ; an open access journal in … 10 (2015) 1, pp. 1-9
Foster and Hart propose a measure of riskiness for discrete random variables. Their defining equation has no solution for many common continuous distributions. We show how to extend consistently the definition of riskiness to continuous random variables. For many continuous random variables, the...
Persistent link: https://www.econbiz.de/10011674068
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Peers' income and financial distress : evidence from lottery winners and neighboring bankruptcies
Agarwal, Sumit; Mikhed, Vyacheslav; Scholnick, Barry - 2018
Persistent link: https://www.econbiz.de/10011971064