Behavioral Biases in the NFL Gambling Market: Overreaction to News and the Recency Bias

2021 ◽  
Author(s):  
Robert B. B. Durand ◽  
Fernando Patterson ◽  
Corey Shank
Author(s):  
Steffen Andersen ◽  
Tobin Hanspal ◽  
Jimmy Martinez-Correa ◽  
Kasper Meisner Nielsen
Keyword(s):  

1988 ◽  
Vol 96 (1) ◽  
pp. 206-213 ◽  
Author(s):  
Raymond D. Sauer ◽  
Vic Brajer ◽  
Stephen P. Ferris ◽  
M. Wayne Marr

Author(s):  
Maria Anna Donati ◽  
Silvia Cabrini ◽  
Daniela Capitanucci ◽  
Caterina Primi ◽  
Roberta Smaniotto ◽  
...  

The COVID-19 pandemic, with the consequent lockdown of about 3 months, can be viewed as an experimental model to observe the impact of the depletion of environmental factors that stimulate gambling, particularly electronic gambling machines (EGMs) that were set to zero. The effects of some structural characteristics of gambling activities that increase gambling behavior were studied among disordered gamblers in treatment in this unique scenario. In fact, studies investigating the effects of the lockdown on problem gamblers (PGs) under treatment are missing. The aims of this study were to analyze patients’ gambling behavior and craving during the lockdown and to conduct a comparison between gambling disorder (GD) symptoms at the beginning of the treatment and during lockdown. The study was conducted in Italy, the European country with the largest gambling market and the first to be affected by the virus. Data were collected through a semi-structured telephone interview conducted by healthcare professionals. Participants were 135 PGs under treatment (109 males, mean age = 50.07). Results showed that most PGs achieved a significant improvement in their quality of life, with less gambling behavior, GD symptoms, and lower craving. No shift toward online gambling and very limited shift towards other potential addictive and excessive behaviors occurred. The longer the treatment, the more monitoring is present and the better the results in terms of symptoms reduction. Individual and environmental characteristics during the lockdown favored the reduction in symptoms. Consideration for prevention and treatment are discussed.


2014 ◽  
Vol 3 (2) ◽  
pp. 35-47
Author(s):  
Calin Valsan

Standard economic theory assumes rational agents. Individuals are expected to have rational expectations and constantly optimize their choices. Modern economic and financial theory is build under the assumption of rationality. There is plenty of evidence from psychology, however, that individuals are biased and rely heavily on heuristics in order to make decisions. Yet, this is not a mere fluke, a behavioral oddity. Because the social and economic environment in which individuals evolve is complex, behavioral biases represent evolutionary adaptations allowing economic agents to deal with undecidability and computational irreducibility.


2013 ◽  
Author(s):  
Jiangze Bian ◽  
Kalok Chan ◽  
Donghui Shi ◽  
Hao Zhou
Keyword(s):  

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