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A Welfare Analysis of Gambling in Video Games

Amano, Tomomichi; Simonov, Andrey - 2023

contentious. Regulators argue they constitute gambling, while game producers maintain they complement gameplay. In a prototypical …

Persistent link: https://www.econbiz.de/10014253961

Fairness and Channel Coordination

Cui, Tony Haitao - 2012

In this paper, we incorporate the concept of fairness in a conventional dyadic channel to investigate how fairness may affect channel coordination. We show that when channel members are concerned about fairness, the manufacturer can use a simple wholesale price above its marginal cost to...

Persistent link: https://www.econbiz.de/10013116986

Gamblers' rationality in parimutuel soccer betting : strategisches Spielverhalten bei Totalisatorspielen mit nichtgleichwahrscheinlichen Spielausgängen wie Toto und Torwette

Hauser-Rethaller, Ursula; König, Ulrich; Krylova, Elizaveta - 2000

Persistent link: https://www.econbiz.de/10001583849

A Cyclical Learning Process Under Uncertainty - The Spanish Soccer Betting Game Evidence

Pujol, Francesc - 2008

Based on the well established result of probability matching, we explore in this paper to what extent soccer bettors adjust their behavior taking into account the new relevant information provided by the market. We test empirically the existence of a learning process using the Quiniela bettors'...

Persistent link: https://www.econbiz.de/10014218347

Game, Set and Match : The Favorite-Long Shot Bias in Tennis Betting Exchanges

Abinzano, Isabel - 2016

We test for the existence of Favorite-Longshot Bias (FLB) in tennis betting exchanges. Despite these being order-driven markets, with no direct participation from bookmakers, we have found very similar results to those obtained by Lahvicka (2014) for betting markets: the bias is stronger in...

Persistent link: https://www.econbiz.de/10013003433

Elasticity of Demand and Optimal Prize Distribution for Instant Lottery Games

Coon, Michael - 2017

This study explores the optimal payout structure and prize distribution of instant (scratch-off) lottery games. Using ticket sales data for 185 instant lottery games sold between 2007 and 2011 by the Maryland State Lottery and Gaming Control Agency, we calculate the price elasticity of demand...

Persistent link: https://www.econbiz.de/10012953852

Gamblers' rationality in parimutuel soccer betting : strategisches Spielverhalten bei Totalisatorspielen mit nicht-gleichwahrscheinlichen Spielausgängen wie Toto und Torwette

Hauser-Rethaller, Ursula; König, Ulrich; Krylova, Elizaveta - 2000

making under risk and uncertainty ; parimutuel betting ; sports ; gambling …

Persistent link: https://www.econbiz.de/10009724436

Measuring skill and chance in games

Dürsch, Peter; Lambrecht, Marco; Oechssler, Joerg - 2017 - This version: December 20, 2017

Online and offline gaming has become a multi-billion dollar industry.However, games of chance are prohibited or tightly regulated in many jurisdictions. Thus, the question whether a game predominantly depends on skill or chance has important legal and regulatory implications. In this paper, we...

Persistent link: https://www.econbiz.de/10011798398

Testing Game Theory in the Field : Swedish LUPI Lottery Games

Ostling, Robert - 2010

Game theory is usually difficult to test precisely in the field because predictions typically depend sensitively on features that are not controlled or observed. We conduct one such test using field data from the Swedish lowest unique positive integer (LUPI) game. In the LUPI game, players pick...

Persistent link: https://www.econbiz.de/10012717195

Dangerous Games : The Psychological Case for Regulating Gambling

Towfigh, Emanuel V.; Glöckner, Andreas; Reid, Rene - 2014

The gambling market is growing rapidly, as is the number of gambling addicts. This is fueling the call for changes in … than today’s gaming market by minimizing regulation. Others aim at further limiting games to reduce pathological gambling … argue that such games are properly categorized as games of skill, and as such should not fall afoul of current gambling laws …

Persistent link: https://www.econbiz.de/10014167956