Informed Choice and Gambling: Principles for Consumer Protection

Alex Blaszczynski, Robert Ladouceur, Lia Nower and Howard Shaffer

Journal of Gambling Business and Economics, 2008, vol. 2, issue 1, 103-118

Abstract: It is well-established that problem gambling results, in part, from erroneous perceptions about the probability of winning. While individuals retain the ultimate responsibility over gambling choices and level of participation, optimal decision-making depends, among other factors, on the availability of reliable, comprehensive information. From a public health perspective, the gaming industry, in collaboration with government and the community, must ensure that individuals receive sufficient information to enable them to make responsible gambling choices. This paper reviews key decision-making models and posits four primary goals that will lead to optimal choices in gambling: (a) the provision of relevant and objective information; (b) elucidation of the benefits of responsible gambling as well as potential social and personal costs of excessive gambling; (c) additional materials targeted to specific gambling subgroups; and (d) the use of a variety of communication mediums to disseminate materials. Implications for further research and public information campaigns are discussed.

Keywords: INFORMED CHOICE; GAMBLING; PROBLEM GAMBLING; DECISION-MAKING; RESPONSIBLE GAMBLING (search for similar items in EconPapers)
JEL-codes: L83 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (3)

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Journal of Gambling Business and Economics is currently edited by Leighton Vaughan Williams, Nottingham Business School

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