scholarly journals House-edge information yields lower subjective chances of winning than equivalent return-to-player percentages: New evidence from support forum participants

2020 ◽  
Vol 45 ◽  
Author(s):  
Philip W.S. Newall ◽  
Lukasz Walasek ◽  
Elliot A. Ludvig ◽  
Matthew J. Rockloff

Information messages that communicate the average cost of play are a helpful consumer protection tool in gambling. In Australia and the United Kingdom, cost of play information is typically communicated via the “return-to-player” statistic, e.g., “This game has an average percentage payout of 90%.” Through a sample recruited through a gambling support forum (n = 49), this paper reports how house-edge information (e.g., “This game keeps 10% of all money bet on average”) is associated with lower perceived chances of winning, as opposed to equivalent return-to-player information. Accordingly, this study also extends the literature on optimal gambling messaging to a group of support forum users.RésuméLes messages destinés à renseigner les joueurs sur le coût moyen des activités de jeux de hasard constituent une mesure de protection du consommateur utile. En Australie et au Royaume-Uni, cette information est habituellement transmise sous forme de statistique précisant le « taux de retour », par exemple : « Ce jeu a un taux de retour de 90 %. » Cette étude montre, sur la base d’un échantillon recruté au sein d’un forum de soutien aux joueurs (n=49), que les messages axés sur la marge de profit des maisons de jeu (par ex. « La maison conserve en moyenne 10 % des sommes misées  ») ont une incidence négative sur la perception des chances de gagner, contrairement aux messages sur le taux de retour. Nos conclusions ajoutent aux connaissances sur la nature des messages à adresser aux membres des groupes de soutien aux joueurs.

Author(s):  
Xavier Vives

This chapter examines the competition policy practice in different jurisdictions, focusing on the European Union, the United Kingdom, the United States, and a number of emerging and developing economies (Brazil, China, India, Mexico, Russia, and southern Mediterranean countries). It begins with a discussion of the concerns of the competition authorities in the European Union and the United Kingdom about the banking sector and proceeds by considering practice in the main competition policy areas that have been active in banking: mergers, cartels and restrictive agreements, and state aid. Among other issues, it reviews the tensions between the prudential and the competition authorities, the recent cases of international cartels on Libor and foreign exchange market, and some landmark cases in the European Union. It also looks at consumer protection, with a new impulse from behavioral ideas, and the convergence in aims between consumer protection and competition policies.


2018 ◽  
Vol 65 (3) ◽  
pp. 514-539 ◽  
Author(s):  
Olivier Bargain ◽  
Karina Doorley ◽  
Philippe Van Kerm

2005 ◽  
Vol 68 (6) ◽  
pp. 260-268 ◽  
Author(s):  
Kirsty Forsyth ◽  
Lynn Summerfield Mann ◽  
Gary Kielhofner

National and local policies require the profession to provide evidence on which practice is based. This paper illustrates an approach to meeting the expectations of these policies. Specifically, it describes the development of the United Kingdom Centre for Outcomes Research and Education (UKCORE). UKCORE was developed within a ‘scholarship of practice’ framework, which supports the development of robust partnerships between academia and practice whereby academic knowledge influences practice and practice knowledge influences academia. Within the partnership, all academic participants (educators, researchers and students) and practice participants (clinicians, clients and administrators) are called ‘practice scholars’ and are focused on practice scholarship. UKCORE was founded in London in 2001 in order to support the delivery of existing evidence into occupational therapy practice while simultaneously supporting practice to engage in generating new evidence for occupational therapy practice. This article provides an overview of the academic and practice changes that have been put into place. The changes are designed to support the development of practice that is occupation focused, theory driven and evidence based.


Author(s):  
Jacolien Barnard

The implementation of the Consumer Protection Act 68 of 2008 (CPA) has great implications for the South African common law of sale. In this contribution the influence of the CPA on the seller’s common law duty to warrant the buyer against eviction is investigated. Upon evaluation of the relevant provisions of the CPA, the legal position in the United Kingdom – specifically the provisions of the Sales of Goods Act of 1979 – is investigated.


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