Business Commons^™

Session 3-2-B: What Changing Public Policies Toward Gambling Mean For Gaming Law, I. Nelson Rose

International Conference on Gambling & Risk Taking

The Three Waves Of Legal Gambling

First Wave - Colonial period to mid-19th century: Legal Debris: “Lotteries” prohibited in state constitutions and Canada (except Quebec)

Second Wave - Wild West; South after the Civil War , new inventions. Crash - Victorian morality Legal Debris: Statutes prohibit bookmaking, slot machines; U.S. federal and Quebec anti-lottery laws

Third Wave - Depression to present: Legal Debris: Piecemeal legalization by states, provinces

Session 3-2-D: Managing A Research Collaborative: Challenges And Outcomes, Joachim Haeusler

International Conference on Gambling & Risk Taking

Collaborative with the Division on Addiction

The collaborative set off in 2005 and since then produced 18 peer reviewed publications, leading to a paradigm shift in online gambling research and which allowed us to establish an evidence-based consumer protection concept.

Goals:

• Creating a scientific evidence base about actual online gambling behavior, relying on behavioral data
• Continuously evaluating games and player protection measures and designing a consumer protection concept based on this evidence
• Creating an early-detection model for the identification of customers at-risk of developing problems

Transparency:

• Full access to de-identified gambling transaction data of large samples (up to 100,000 customers), …

Session 3-2-B: Paspa: An Unconstitutional Patent, Kevin P. Braig

International Conference on Gambling & Risk Taking

The Professional and Amateur Sports Protection Act (“PASPA”) is a patent monopoly because the statute (A) imitates the Crown’s practice of allocating markets by patent; (B) functions like a patent issued under the United States Patent Code; and (C) imposes monopoly-like costs upon the public. The Constitution’s Patent Clause is a brilliant public financing scheme and unique in that it is the only grant of power to Congress in the Constitution that begins with a specific prescription of proper legislative purpose. Congress cannot grant just any person a patent monopoly for any purpose. Rather, Congress can grant a patent monopoly …

Session 3-2-A: The Conceptual Framework Of Harmful Gambling, Max Abbott

International Conference on Gambling & Risk Taking

Project Overview

Purpose: develop a clear, comprehensive, internationally relevant conceptual framework of harmful gambling that addresses a broad set of factors related to population risk and resilience beyond the symptoms-based view that affects individuals

Previous models inform the work

As the project sponsor, OPGRC is collaborating with an expert panel to facilitate the development of a conceptual framework of harmful gambling that captures the broad set of factors related to harmful gambling

The framework is outlined in a publication, jointly authored by the expert panel members, and presented at the OPGRC website

Session 3-2-F: A Game-Theoretic Analysis Of Baccara Chemin De Fer, Stewart N. Ethier, Carlos Gamez

International Conference on Gambling & Risk Taking

Baccara chemin de fer — review of main contributions

Baccara was first mentioned in print by Van Tenac in 1847.

It was analyzed by Dormoy in 1872 and Bertrand in 1889.

Borel called Bertrand’s study “extremely incomplete,” but it motivated Borel to develop game theory in the 1920s.

Von Neumann planned to study baccara after proving the minimax theorem in 1928, but he didn’t.

The first game-theoretic solution was by Kemeny and Snell in 1957.

In 1964, Foster gave a solution based on a new algorithm, unaware of the Kemeny–Snell solution.

A solution under more realistic assumptions was found by …

Session 3-2-D: Predicting Gambling-Related Problems Among Internet Gamblers, Sarah E. Nelson

International Conference on Gambling & Risk Taking

The Goal

Use actual gambling behavior to identify, with good reliability and validity, distinct groups of gamblers among those who have gambling-related problems

Utilize this/these algorithm(s) to set up an early warning system for players at risk of developing problems

Session 3-2-C: Mentor - The New Online Prevention Tool In Use And Its Preliminary Results, Doris Malischnig

International Conference on Gambling & Risk Taking

• Responsible Gaming (RG) Standards Casinos Austria / Austrian Lotteries
• MENTOR: Behavioral Feedback System
• Outlook

Session 3-1-E: Modeling Change In The Profile Of The Atlantic City Visitor, Brian J. Tyrrell, Israel Posner Ph.D.

International Conference on Gambling & Risk Taking

The Atlantic City casino market has faced increasing competition over the past decade, particularly since the introduction of Pennsylvania gaming in 2006. In response to this increased competition, the State of New Jersey, through legislation, created a public private partnership to both redevelop parts of the city and devote significant marketing dollars into shaping the image of the city. The private side of that partnership, the Atlantic City Alliance (ACA), found in their earliest consumer research that Atlantic City’s image as a gaming destination was well established, but that the city was less known for the retail, entertainment and restaurants …

Session 3-1-B: Online Gambling And Money Laundering, Ingo Fiedler

International Conference on Gambling & Risk Taking

Introduction

Money laundering is the process by which criminals attempt to conceal or disguise the nature, location, source, ownership or control of their ill-gotten gains, so as to make it possible to invest or consume the proceeds of crime (Masciandaro1999)

Money laundering (Unger, 2007):

• distorts prices, consumption, saving and investment rates;
• increases the volatility of import/export levels, the demand for money, interest and exchange rates, as well as the availability of credit;
• threatens the solvability and liquidity, as well as the reputation and profitability of the financial sector;
• Endangers the continuance of foreign direct investment (FDI)
• Acts as a multiplier …

Session 3-1-D: Safeguarding Internet Gambling, Heather Gray

International Conference on Gambling & Risk Taking

Summary

Before placing limits, Limiters were more active bettors than others

–Played more types of games, higher frequency of betting days, placed more bets per day BUT wagered less per bet

Multi-dimensional view of gambling involvement

–Frequency of betting vs. expenditure

Self-limitation mainly reduced time spent gambling

–Wagered less over time, but driven by fewer bets

Session 3-1-E: Segmenting Slot Machine Players: A Factor-Cluster Analysis, Stowe Shoemaker, Dina Marie Zemke

International Conference on Gambling & Risk Taking

Overall objectives of the study:

Understand the following aspects of slot players:

– Demographic profile

– Motivations to play

– Behavioral characteristics while playing

– Factors important in choosing a game to play

– Attitudes toward progressives

– Desire for themed games

Session 3-1-C: A Qualitative Examination Of Online Gambling Culture Among College Students: Factors Influencing Participation, Maintenance And Cessation, Rina Gupta, Jeffrey L. Derevensky, Michael Wohl

International Conference on Gambling & Risk Taking

Qualitative research: focus groups

Population: college students

Objective: achieve a better understanding of the factors attracting students to online gambling including the role played by social media sites.

More importantly, the issue of migration between the play-for-fun gambling social media sites and online gambling was of primary interest.

Session 3-1-C: Gambling Behaviors Among American College Student-Athletes: Results From The 2012 National Collegiate Athletic Association Study, Tom Paskus, Jeffrey L. Derevensky, Caroline Temcheff

International Conference on Gambling & Risk Taking

Why Is the NCAA Concerned about Student-Athlete Gambling?

Student-athlete well-being

Contest integrity

Session 3-1-B: Casino Employee Crime: Equal Opportunity Threat, Teresa Dalton

International Conference on Gambling & Risk Taking

Patterns of Offending

Gender Crime Theories

HR Implications

Session 3-1-E: Anatomy Of A Jackpot: Characteristics Of Purchasers Of Large Jackpot Lottery Tickets, Todd Maki, Don Feeney

International Conference on Gambling & Risk Taking

Jackpot “Run” & Survey Design

Record breaking Powerball jackpot

Started at $40 million on Oct 6, 2012

Rolled 15 times to reach $550 million Nov 28, 2012

MN Sold $25.2 million worth of tickets

Sales from all lotteries totaled $1.3 billion

Internet Survey

1,000 Minnesota adults

In the field Dec 14 to 18

Took, on average, about 10 minutes to complete

Representative of the general population (age and gender)

Conducted by Ipsos

What Impacts Do Different Forms Of Customer Involvement Have On The Development Of Services? The Identification Of Team- And Customer-Related Factors, Jakob Trischler, Don Scott, Stephen Kelly

Jakob Trischler

In service design and innovation research active customer involvement has been suggested as a critical factor for developing successful services. Hence, the approach to service design and innovation has been argued to be necessarily open, cross-disciplinary and collaborative rather than closed R&D processes. Drawing upon extensive team research literature, however, it seems that the effective development of a service is affected by a number of factors and cannot be reduced to the composition of teams only. Additional impacting factors have been found to be task design and interdependence, internal team processes including bonding, conflicts and communication, and numerous external players …

Service Design As Collaborative Activity: What Is The Role Of The Customer?, Jakob Trischler, Simon Wilde

Jakob Trischler

Drawing upon developments in design, marketing theory and the service literature, service design reordered its perspective towards a human-centered and collaborative approach rather than explicit R&D activities. It is suggested that this change of approach not only attributes the developments in design theory towards a human-centered standpoint but particularly from relationship marketing, and the related service literature which declared the customer as an interactive and mutual value-creator within the service system. Building on the assumption that the customer becomes an active participant during the value co-creation process, we propose service design as a co-design platform with customers rather than a …

A Service Design Framework For Doctoral Program Management, Pat Gillett, Elisabeth Sinnewe, Jakob Trischler

Jakob Trischler

No abstract provided.

The Concept Of On-Going Interactions In Co-Design: Insights From Three Different Disciplines, Jakob Trischler, Elisabeth Sinnewe

Jakob Trischler

Co-design with the customer is identified as an effective opportunity for service design and service innovation. By reviewing the different streams of marketing, design and service innovation with emphasis on user involvement, this paper proposes a multi-disciplinary framework for mutual learning and co-design. It is suggested that the firm can use on-going interactions with customers during the value generating process to create a space for mutual learning and co-design in which the customer becomes an integrated part of the innovation and design process not only as an informant but also as a co-designer.

An Analysis Of Extreme Price Shocks And Illiquidity Among Systematic Trend Followers, Bernard Lee, Shih-Fen Cheng, Annie Koh

Shih-Fen Cheng

We construct an agent-based model to study the interplay between extreme price shocks and illiquidity in the presence of systematic traders known as trend followers. The agent-based approach is particularly attractive in modeling commodity markets because the approach allows for the explicit modeling of production, capacities, and storage constraints. Our study begins by using the price stream from a market simulation involving human participants and studies the behavior of various trend-following strategies, assuming initially that their participation will not impact the market. We notice an incremental deterioration in strategy performance as and when strategies deviate further and further from the …