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Does Economic Policy Uncertainty Encourage Gambling? Evidence from the Chinese Welfare Lottery Market

Xu, Can; Steiner, Andreas; de Haan, Jakob - 2023

This paper investigates the effect of economic policy uncertainty (EPU) on gambling activity in China. Based on a theoretical model, we hypothesize that EPU increases the demand for hope which raises the willingness to pay for lottery tickets, resulting in higher lottery sales. We estimate a...

Persistent link: https://www.econbiz.de/10014262034

Modelling the Volatility in Short and Long Haul Japanese Tourist Arrivals to New Zealand and Taiwan

Chang, Chia-Lin; McAleer, Michael; Lim, Christine - Department of Economics and Finance, College of … - 2010

This paper estimates the effects of short and long haul volatility (or risk) in monthly Japanese tourist arrivals to … former has an asymmetric effect on risk from positive and negative shocks of equal magnitude, while the latter has no … the issues related to risk and leverage effects, are also applicable to international tourism flows. …

Persistent link: https://www.econbiz.de/10008527482

Risk Love and the Favorite-Longshot Bias: Evidence from German Harness Horse Racing

Winter, Stefan; Kukuk, Martin - In: Schmalenbach Business Review (sbr) 58 (2006) 4, pp. 349-364

the assumption of the (local) love of risk of the betting audience. …

Persistent link: https://www.econbiz.de/10005690225

Demand for Football and Intra-Match Winning Probability: an Essay on the Glorious Uncertainty of Sports.

Falter, J.-M.; Perignon, C. - Geneva School of Economics and Management, Université … - 2000

The aims of this study are (i) to identify the main determinants of the demand for French Premiere Division football matches using all matches played during the 1997/1998 season, (ii) to estimate a team-specific probability of success, and (iii) to propose an updating process for the intra-match...

Persistent link: https://www.econbiz.de/10005640593

Agents' Models and Participation in a Gambling Market

Krautmann, Anthony C. - In: Eastern Economic Journal 21 (1995) 2, pp. 239-246

and attitude toward risk. Within this framework, we characterize the formation of subjective probabilities, the … equilibrium in a pointspread gambling market, and how the diversity in beliefs opens up the market to more risk-averse individuals …. In addition, we derive the individual's reservation pointspread as a function of his degree of risk aversion. …

Persistent link: https://www.econbiz.de/10005641847

Within-series momentum in hockey: No returns for running up the score

Kniffin, Kevin M.; Mihalek, Vince - In: Economics Letters 122 (2014) 3, pp. 400-402

Drawing on data from 916 Division 1 men’s college hockey games played during a recent six-year period in the Western Collegiate Hockey Association (WCHA), we find evidence that positive momentum within 458 two-game series does not exist when controlling for team quality. We find that neither...

Persistent link: https://www.econbiz.de/10010743719

RISK ASSESSMENT OF PROGRESSIVE CASINO GAMES

Quigley, John; Revie, Matthew - In: Journal of Gambling Business and Economics 8 (2014) 1, pp. 1-23

This paper presents an investigation into the properties of a stochastic process whereby the value of a fund grows arithmetically and decays geometrically over discrete time periods. While this general structure is applicable to many situations, it is particularly prevalent in many casino games....

Persistent link: https://www.econbiz.de/10010798279

Demand for Football and Intra-Match Winning Probability: an Essay on the Glorious Uncertainty of Sports.

Falter, J.-M.; Perignon, C. - Institut d'Economie et Econométrie, Université de Genève - 2000

Persistent link: https://www.econbiz.de/10010584319

Modelling the Volatility in Short and Long Haul Japanese Tourist Arrivals to New Zealand and Taiwan

Chang, Chia-Lin; McAleer, Michael; Lim, Christine - Facultad de Ciencias Económicas y Empresariales, … - 2011

Persistent link: https://www.econbiz.de/10009194559

The Relationship between the Perception of Risk and the Decision-making Process of Travel of French Tourists

Azim, Tare Sayed Abdel - Volkswirtschaftliche Fakultät, … - 2009

Egypt on the decision making process of travel under the effect of the risk factor “terrorist attacks of last April, 2006 …

Persistent link: https://www.econbiz.de/10008646762