Artikel

Discounting Behavior in Problem Gambling

Problem gamblers discount delayed rewards more rapidly than do non-gambling controls. Understanding this impulsivity is important for developing treatment options. In this article, we seek to make two contributions: First, we ask which of the currently debated economic models of intertemporal choice (exponential versus hyperbolic versus quasi-hyperbolic) provides the best description of gamblers’ discounting behavior. Second, we ask how problem gamblers differ from habitual gamblers and non-gambling controls within the most favored parametrization. Our analysis reveals that the quasi-hyperbolic discounting model is strongly favored over the other two parametrizations. Within the quasi-hyperbolic discounting model, problem gamblers have both a significantly stronger present bias and a smaller long-run discount factor, which suggests that gamblers’ impulsivity has two distinct sources.

Sprache
Englisch

Erschienen in
Journal: Journal of Gambling Studies ; ISSN: 1573-3602 ; Volume: 38 ; Year: 2022 ; Issue: 2 ; Pages: 529-543 ; Berlin: Springer

Klassifikation
Wirtschaft
Thema
time preferences
discounting
risk
incentives
gambling

Ereignis
Geistige Schöpfung
(wer)
Ring, Patrick
Probst, Catharina C.
Neyse, Levent
Wolff, Stephan
Kaernbach, Christian
van Eimeren, Thilo
Schmidt, Ulrich
Ereignis
Veröffentlichung
(wer)
Springer
(wo)
Berlin
(wann)
2022

DOI
doi:10.1007/s10899-021-10054-x
Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Ring, Patrick
  • Probst, Catharina C.
  • Neyse, Levent
  • Wolff, Stephan
  • Kaernbach, Christian
  • van Eimeren, Thilo
  • Schmidt, Ulrich
  • Springer

Entstanden

  • 2022

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