Newell, B and Slonim, R and Chuah, S-H, Gamblers bet more when in the dark: feedback can curb their online losses, The Conversation, The Conversation Media Group Ltd, Australia, 30 July 2021 (2021) [Newspaper Article]
Official URL: https://theconversation.com/gamblers-bet-more-when...
Online wagering is the fastest-growing segment of gambling in Australia. Itís a trend of particular concern because losing money through online brokering and betting apps is associated with higher rates of gambling-related harm than other types of gambling.
These apps provide the ability to win and lose money anywhere, anytime - and their popularity has been exacerbated by COVID-19 lockdowns.
A survey of 2,000 gamblers by the Australian Gambling Research Centre in mid-2020 found the proportion of gamblers doing so four or more times a week increased from 23% to 32%. Among the biggest online gamblers - men aged 18 to 34 - median spending climbed from A$687 to A$1,075 a month.
Whether in life, the stock market or at the horse races, most of us are notoriously bad at assessing the real odds of good or bad things happening.
|Item Type:||Newspaper Article|
|Keywords:||online wagering, safer gambling, nudge|
|Research Group:||Applied economics|
|Research Field:||Behavioural economics|
|Objective Division:||Economic Framework|
|Objective Field:||Preference, behaviour and welfare|
|UTAS Author:||Chuah, S-H (Professor Swee-Hoon Chuah)|
|Deposited By:||Economics and Finance|
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