. Following this sentence, a state monopoly in future has to maximize players protection and prevention of pathological gambling …

Using a laboratory experiment we investigate how skew inuences choices under risk. We find that subjects make …

chapters examine how risk plays out in the particular markets in which it has a significant presence, including casino gambling …This collection offers an economics-based overview of the various facets of risk. It contains six papers that examine a … broad array of research relating to risk. Two papers examine risk management and its application to decision making as well …

Using a laboratory experiment we investigate how skew in uences choices under risk. We find that subjects make …

Risk aversion and limited liability can result in a rational to gambling. An addictive episode may be triggered by a …

equilibrium in a pointspread gambling market, and how the diversity in beliefs opens up the market to more risk-averse individuals …This paper explains the economics of gambling behavior within a framework which explicitly incorporates agents' models … and attitude toward risk. Within this framework, we characterize the formation of subjective probabilities, the …

We develop a new protocol, adapted from the Eckel and Grossman (2002, 2008) risk measure, to elicit skewness … preferences. The new lottery choices have the same expected payoffs and risk (variance) as the original choices, but with … the payoff structure increases the number of subjects willing to gamble as well as increasing subjects’ risk taking in …

selection: peer wealth, and status. Our specification yields testable implications about gambling, insuring and peer selection …