Risk, price and pay-off: A study explaining wagering and gambling behaviour using prevalent lottery models with an application of two stage least square regression

• Main Authors: Cheng, Kimbearly R., Litao, Roxanne N., Maluya, Christopher G., Mosende, Michael Brian C.
• Format: text
• Language: English
• Published: Animo Repository 2003
• Subjects: Gambling; Lotteries; Economics
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/14109
• Institution: De La Salle University

The study explains behavior in an uncertainty environment. As gambling is perceived by many to be an act violating the basic principles of individual rationality, the determining factors that contribute to a gambler's decision to wager a bet, and at the same time the reasons for such, contribut...