Gender and Gambling Preference

Philomena Bacon, Anna Conte and Peter Moffatt
Additional contact information
Philomena Bacon: University of East Anglia, Norwich

No 2021-01, University of East Anglia School of Economics Working Paper Series from School of Economics, University of East Anglia, Norwich, UK.

Abstract: Gambling preferences are analysed using survey data from the wider population. Respondents were confronted with a hypothetical lottery question, in which they were asked to imagine having just won a large prize, and asked how much of this prize they would be willing to invest in a further gamble. We observe the majority of respondents avoiding the gamble altogether. We demonstrate that such behaviour cannot easily be explained by standard models of choice under risk, since it implies implausible degrees of risk aversion. We propose that the observed behaviour can instead be explained in terms of gambling aversion. Since the decision variable takes the form of the number of \units" of the prize that the respondent wishes to invest in the gamble, and since the decision is observed twice for some respondents, we adopt the panel version of the Zero-In ated Poisson model as an econometric framework. We assume that individual characteristics a ect both stages of the decision-making process. We are particularly interested in the effect of gender, and we find that males have a signficantly higher probability of participating in the gamble, and are also (conditional on gambling) prepared to gamble significantly larger amounts.

Keywords: Gambling behaviour; Gender; Panel Zero-Inated Poisson model; Survey Data (search for similar items in EconPapers)
JEL-codes: C33 D01 J16 (search for similar items in EconPapers)
Date: 2021-01-20
New Economics Papers: this item is included in nep-cwa
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ueaeco.github.io/working-papers/papers/ueaeco/UEA-ECO-21-01.pdf main text (application/pdf)

Related works:
Journal Article: Gender and gambling preference (2024)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:uea:ueaeco:2021-01

Ordering information: This working paper can be ordered from
Reception, School of Economics, University of East Anglia, Norwich Research Park, Norwich, NR4 7TJ, UK

Access Statistics for this paper

More papers in University of East Anglia School of Economics Working Paper Series from School of Economics, University of East Anglia, Norwich, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Cara Liggins ().