In a unique study Harbaugh, Krause and Vesterlund (2002), reported the interesting result that children exhibit different probability weighting to adults. In particular, children underweighted small probabilities. An objective of this paper is to re-examine this issue employing children...

Traveling across multiple time zones, especially from east-to-west so that hours are “lost”, has documented negative effects on athletic performance. Nichols (2012) finds mixed evidence that sports betting markets fail to account for these effects. We reconsider, for the 2005-2010 NFL...

The article deals with the question, if odds derived from the behavior of bettors in a pari-mutuel setting really reflect the chances of winning for a particular horse in a particular race. Using a unique data set with more than 46,000 race observations from Germany for the years 2001 to 2003...

Chezum and Wimmer (2000) show the impact of asymmetric information in the American thoroughbred industry by demonstrating that homebreds (horses retained and raced by their breeders), on average, have lower betting odds than otherwise similar nonhomebreds. In this paper we test their hypothesis...

In 2003, as part of a lecture series sponsored by the American Gaming Association, Richard LaBrie and Howard Shaffer issued a ‘concept statement’ titled Toward a Science of Gambling Regulation. They stated, “The set of gambling regulations within a jurisdiction represent that...

This report provides a conceptual summary and critique of problem and pathological gambling and how these terms are used in policy, research and clinical practice. It summarises the varying disciplinary approaches to understanding gambling-related disorders; the distinction drawn between harm...

Using records of Internet gambling subscribers (n = 1,384), this study tested the Pareto principle: about 20% of customers, “the vital few,” are responsible for about 80% of the activity, while 80%, “the trivial many,” are responsible for the remaining 20%. Participants completed the...

It remains irrefutable that electronic gaming machines are associated with gambling-related harms. Although research on electronic gaming machines has predominantly focussed on their structural characteristics and to a lesser extent, situational variables contributing to the emergence of...

We test whether the NCAA Selection Committee’s tournament seeding process is biased with respect to teams from the Mid-Major conferences, by analyzing Seeds, Spreads, Betting Lines, and the participants’ conference affiliations for the 819 games of the 13 NCAA Men’s Basketball Tournaments...

Regulatory and industry decisions influencing commercial gambling activities require clear understanding of the role that stakes and prizes play in the development and facilitation of gambling-related harm. Although industry proponents argue for increases in stakes and prizes to meet market...