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Gamblers bet more when in the dark: feedback can curb their online losses
Citation
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]
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Official URL: https://theconversation.com/gamblers-bet-more-when...
Abstract
Online wagering is the fastest-growing segment of gambling in Australia. It’s 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 Details
Item Type: | Newspaper Article |
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Keywords: | online wagering, safer gambling, nudge |
Research Division: | Economics |
Research Group: | Applied economics |
Research Field: | Behavioural economics |
Objective Division: | Economic Framework |
Objective Group: | Microeconomics |
Objective Field: | Preference, behaviour and welfare |
UTAS Author: | Chuah, S-H (Professor Swee-Hoon Chuah) |
ID Code: | 145667 |
Year Published: | 2021 |
Deposited By: | Economics and Finance |
Deposited On: | 2021-07-30 |
Last Modified: | 2021-07-30 |
Downloads: | 0 |
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