nep-spo New Economics Papers
on Sports and Economics
Issue of 2020‒11‒16
two papers chosen by
Humberto Barreto
DePauw University
  1. Gamblers Learn from Experience By Matthew Olckers; Joshua E. Blumenstock
  2. Transportation Planning for Minor League Baseball Stadiums By Whalen, Christine; Cooper, Dean; Sproule, William J.
  1. By: Matthew Olckers (SoDa Laboratories, Monash University); Joshua E. Blumenstock (SoDa Laboratories, Monash University)
    Abstract: Mobile phone-based gambling has grown wildly popular in Africa. Commentators worry that low ability gamblers will not learn from experience, and may rely on debt to gamble. Using data on financial transactions for over 50 000 Kenyan smartphone users, we find that gamblers do learn from experience. Gamblers are less likely to bet following poor results and more likely to bet following good results. The reaction to positive and negative feedback is of equal magnitude, and is consistent with a model of Bayesian updating. Using an instrumental variables strategy, we find no evidence that increased gambling leads to increased debt.
    Keywords: gambling, sports betting, mobile money, Bayesian updating
    JEL: D83 L83 O16
    Date: 2020–11
    URL: http://d.repec.org/n?u=RePEc:ajr:sodwps:2020-07&r=all
  2. By: Whalen, Christine; Cooper, Dean; Sproule, William J.
    Keywords: Public Economics
    Date: 2020–10–22
    URL: http://d.repec.org/n?u=RePEc:ags:ctrf29:306042&r=all
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