ArticleJournal of gambling studies2024
An Economic Model of Gambling Behaviour: A Two-Stage Approach.
Article in Journal of gambling studies, 2024. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 4 papers.
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Who cites it
4 citing papers in PubMed.
- Gambling Channel Engagement Across Italy and the UK: The Role of Financial Literacy and Behavioural Diversification.Journal of gambling studies · 2026Article
- Gambling rarely stands alone: clustered addictive behaviours and socioeconomic vulnerability in adolescents.Frontiers in psychiatry · 2026Article
- A Cross-Sectional Survey to Measure Attitude, Self-Reported Practice, Levels, Typology, and Determinants of Lifetime Gambling Behaviors Among Undergraduate Students in Higher Training Institutions, Tanzania.Journal of gambling studies · 2025Article
- Impact of online lottery sales prohibition on the structure of lottery consumers: A time cost perspective in China.PloS one · 2025Article
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Authors and funding
3 authors.
Funding
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Abstract
Gambling can cause significant harms and these can result in a net negative utility from participation, although lower levels of participation have potential benefits and can yield positive net utility. It is therefore important to understand and distinguish between these two stages of gambling behaviour. Currently, economic models have had limited focus on explaining why someone would gamble despite it yielding a negative utility. Here, we present a two-stage model, motivated by empirical literature and intuitive assumptions, that improves on existing economic models by distinguishing between the likelihood of gambling participation and of gambling that yields a negative utility. The model's predictions are empirically testable, consistent with existing literature, and add new insights. The model's ability to distinguish between the two stages helps to inform interventions that aim to reduce the prevalence of gambling-related harm while avoiding the need for restrictive approaches that aim to eliminate gambling altogether.
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