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Wir entwickeln ein Modell für strategisches Spielverhalten bei Glücksspielen nach dem Totalisatorprinzip und wenden es auf die Fußballwettspiele Toto und Torwette an. Unter der Annahme, dass Buchmacherquoten die wahren Ausgangswahrscheinlichkeiten der betreffenden Fußballspiele reflektieren,...
Persistent link: https://www.econbiz.de/10010292739
. Following this sentence, a state monopoly in future has to maximize players’ protection and prevention of pathological gambling …
Persistent link: https://www.econbiz.de/10010265651
We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … household level. While both the incidence and amount of gambling vary according to household income, the positive association …
Persistent link: https://www.econbiz.de/10010271301
who choose to gamble are likely to be larger than for the general population. Using UK data on gambling wins, other … those likely to be credit-onstrained. This is consistent with credit-constrained, risk-averse agents gambling to convexify …
Persistent link: https://www.econbiz.de/10010500250
In this paper we experimentally investigate the disparity between willingness-to-accept (WTA) and willingness-to-pay (WTP) for risky lotteries. The direction of the income effect is reversed by endowing subjects with the highest price of a lottery when asking the WTP question. Our results show...
Persistent link: https://www.econbiz.de/10010296262
emotions. This conjecture is tested in an experiment with real lottery tickets. We show that our theoretical considerations may …
Persistent link: https://www.econbiz.de/10010325695
decision making in an interpersonal context. The influence of social comparison on risky choices is explored in an experiment …
Persistent link: https://www.econbiz.de/10010325900
Social preference models were originally constructed to explain two things: why people spend money to affect the earnings of others and why the income of others influences reported happiness. We test these models in a novel experimental situation where participants face a risky decision that...
Persistent link: https://www.econbiz.de/10010326434
television game show World Poker Tour as a natural experiment. The results show that professional players strategically choose …
Persistent link: https://www.econbiz.de/10010262085
Persistent link: https://www.econbiz.de/10012227422