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Effects Of The Covid-19 Pandemic On Gambling Behavior And Revenues: A Multi-State Analysis, Xiaoling W. Sundberg
Effects Of The Covid-19 Pandemic On Gambling Behavior And Revenues: A Multi-State Analysis, Xiaoling W. Sundberg
Honors Undergraduate Theses
This thesis examines the impact of the COVID-19 pandemic on individual gambling behavior by testing whether ticket sales and revenues in the multi-state parimutuel PowerBall and MegaMillions lotteries decreased or increased between the pre-COVID and COVID periods in Florida, Texas, and Colorado. Two competing hypotheses are investigated. First, gambling activity may have decreased during COVID either due to increased risk-aversion induced by the pandemic, negative changes in household income from the loss of employment, or a combination of the two. Second, gambling activity may have increased during COVID either due to increased willingness to take risks, substitution of income previously …
Risk Preference Stability In The Aftermath Of Natural And Human-Influenced Catastrophes: A Meta-Analysis, James R. Bailey
Risk Preference Stability In The Aftermath Of Natural And Human-Influenced Catastrophes: A Meta-Analysis, James R. Bailey
Honors Undergraduate Theses
We estimate the impact of natural and human-influenced catastrophes on individual risk preferences. Using the meta-analysis process with random-effects models, we examine the significance of the effect of different catastrophes on individual risk preferences. As natural and human-influenced catastrophes have become more frequent a number of studies have evaluated their effects on risk attitudes. In this thesis a meta-analysis is performed from the results in these recent studies, allowing for comparisons across catastrophes and against results from laboratory experiments. In evaluating the change in risk-taking behavior amongst affected populations it may better inform relief efforts and policy decisions. Overall, subjects …