Behavioral Economics Commons^™

Cash Or Crash: Return To Player Percentages And Expected Value Of Crash Games, Robert H. Scott Iii, Mikhail M. Sher, Jonathan Daigle

UNLV Gaming Research & Review Journal

Crash games are a new type of casino game offered on some online gambling sites. The first crash game was created by the online cryptocurrency casino Bustabit. Other cryptocurrency casinos started offering their own versions of crash games. Now mainstream online casinos have developed their own crash games—notably Rocket by DraftKings. Crash games are easy to learn and play. They offer the opportunity to increase your bet by many hundreds of multiples—though, as we show when deriving expected values, these outcomes are rare. In this paper, we study the history of crash games and calculate theoretical values of crash game …

Examining The Effects Of Food Insecurity And Socioeconomic Status On Breastfeeding Duration Among Latina Mothers In Las Vegas, Nika Jenabi

Undergraduate Research Symposium Posters

Background: This study aims to investigate breastfeeding duration among Latina mothers in Clark County. We hypothesize that Latina mothers who experience significant health disparities, including low food security and limited economic resources, are likely to have shorter breastfeeding durations.

Methods: This study employed a cross-sectional design. The preliminary sample included 54 mothers who met the following inclusion criteria: aged 18 or older, self-identifying as Latina, having at least one child under 5 years old, and residing within Clark County. The survey included questions related to experiencing food insecurity, socioeconomic factors, and breastfeeding duration. Data analysis was performed using STATA 17 …

The Effect Of Television Advertising On Gambling Behaviour: A Quasi-Experimental Study During The 2022 Qatar Fifa World Cup, Ellen Mcgrane, Rob Pryce, Matt Field, Elizabeth Goyder, Luke Wilson

International Conference on Gambling & Risk Taking

Abstract

Introduction:

The pervasiveness of gambling advertising and its relationship with football have been identified as areas of concern in the UK. Following the liberalisation of advertising laws in the 2005 Gambling Act, there has been increasing recognition of its public health impact. To date, there is a lack of evidence of the impact of advertising on behaviour in “real-world” settings.

Methods:

This study employs a natural experiment measuring the impact of television gambling advertising on the frequency of impulsive football bets placed during the World Cup. Longitudinal betting data collected from a sample of men (aged 18-45) will be …

How Method And Usage Of Coffee Relate To Consumer Attitudes, Vince Benedetto, Jocelyn Perez, James Iwatsubo [email protected]

Undergraduate Research Symposium Posters

Coffee is a staple in many American’s daily routines, with popularity growing globally ever year. User's consume coffee for a multitude of reasons including, health benefits, increasing productivity, social and cultural rituals, and pleasure. Regular coffee users prefer specific methods of sourcing their beverages. Consumer attitudes affect purchasing behavior and provide valuable insights for marketers.

Success In The Theme Park Industry, Tyler Crowder, Jessica Jones, Greg Lonnquist

Undergraduate Research Symposium Posters

We researched Disneyland Theme Park to determine what makes a theme park experience successful for consumers. This research examines positive and negative attitudes about Disneyland Theme Park in Anaheim, California.

Streaming's Effect On American Media Exports, Aviel Geronimo, Jonathan Swanberg

Undergraduate Research Symposium Lightning Talks

The Media and Entertainment (M&E) industry is largest in the United States with a total value of $660 Billion in 2020. The global M&E industry is valued at approximately $2 Trillion. New technologies have allowed for the advent of streaming services for music, television, film, books, video games, and more. Streaming services allow media exports to be easily accessed by consumers domestically and abroad.

How Social Media Marketing Impacts The Economy, Madisen Yoder

Undergraduate Research Symposium Lightning Talks

Survey Question Topics: 1. Respondent Demographics 2. Social Media Platform Usage 3. Frequency of Social Media Advertising 4. Influence of Social Media Advertising on Purchasing Decisions

The Unpredictable Positive Effects Of Sports Gambling: Gamblers Think Losing Feels Worse Than It Actually Feels, Guy Voichek, Nathan Novemsky

International Conference on Gambling & Risk Taking

Implications statement

Gamblers underestimate how much fun small wagers add to enjoying sports events. They think losing will feel worse than it really does. Simple reminder can correct this misprediction.

Abstract

When considering whether to gamble on a sporting event, people may ask themselves how winning or losing will affect their experience. In a series of four experiments, we find that people under-appreciate the positive effect of gambling on watching sporting events, in a way that causes them to under-value the opportunity to place a small stakes gamble. While participants predict that a gamble will enhance or diminish an experience …

Does Near Win Affect People's Investment Behavior?, Jia Yuan

International Conference on Gambling & Risk Taking

Near win is a special kind of failure that comes closely to actual success. It shows up frequently in people’s investment behavior. Only a few studies have researched on the relation between near win and its impact on the future investment. And in the literature, there are conflicting results on this issue. In this paper, we examine the effect of near win on people’s investment amount by exploiting a unique panel individual level lottery purchase data with over 100,000 players which trace each of their purchases for several months. We find that people who have experienced a near win would …

Gambling Behavior In Controlled Laboratory Experiments, Don Ross, J. Todd Swarthout

International Conference on Gambling & Risk Taking

We designed a slot machine interface to study gambling behavior over real monetary amounts in a controlled laboratory environment. The interface allowed us to study the effect of multiple playlines compared to single playlines, the use of abstract tokens instead of allowing the gambler to see expenditures and payoffs in a natural currency, the effect of “near miss” displays on subjective beliefs about the chances of winning, and the effect of “wins disguised as losses” on gambling behavior. We measured the risk preferences of each subject, allowing for probability weighting and loss aversion, as well as the evolution of subjective …

Empirical Study Of Online Horse Race Bettors Betting Behavior In Finland, Tuomo Kainulainen

International Conference on Gambling & Risk Taking

This presentation produces an overview of online horse race bettors’ betting behavior in the Finnish betting market. The following studies have utilized individual-level online betting data LaPlante et al. (2006), LaBrie et al. (2007), LaBrie et al. (2008), LaPlante et al. (2009), Xuan & Shaffer (2009), Braveman & Shaffer (2010), Dragicevic et al. (2011), Fiedler (2013) and Gainsbury & Russell (2013). These studies focus on sports betting, poker and casino games. As an addition to the betting behavioural literature, this study focuses on horse race betting by utilizing betting data provided by Fintoto Ltd which has a legal monopoly for …

The Economics Of Lotto, Ian Walker, Robert E. Pryce, Rhys Wheeler, Nick Powdathvee

International Conference on Gambling & Risk Taking

No abstract provided.

Socioeconomic Effect On Crime In The Southwest United States Pre- And Post-Great Recession, Kristina Donathan, Jaewon Lim

Graduate Research Symposium (2010 - 2017)

Facing the Great Recession, the Southwest megapolitan cluster in the United States including Las Vegas, Southern California and Sun Corridor in Arizona had a massive negative economic shock. Skyrocketing unemployment, massive foreclosures and other socioeconomic factors may negatively affect our safe environment with changing patterns in crime. This study aims to investigate the impacts of socioeconomic factors on different types of crimes committed in the megapolitan cluster of the Southwest United States. Using annual crime datasets, we look at the three years before the Great Recession and subsequent three years (2005-2010). The metropolitan areas, Los Angeles, CA, Las Vegas, NV, …

Examining Revenue Management Practices In Las Vegas Casino Resorts, Arun Tanpanuwat

UNLV Theses, Dissertations, Professional Papers, and Capstones

The overall goal of this study was to examine Revenue Management (RM) practices in Las Vegas casino resorts. A great deal of research has been done on RM in the hospitality industry. The academic research has examined RM in hospitality in general, but not specifically in casino resorts, which gain their revenue from both rooms and resort amenities. Moreover, the academic literature often show high-level mathematic-based solutions or statistical applications, but not necessarily pragmatic techniques for practitioners. This qualitative study investigates the extent to which the essential fundamentals of any RM system are implemented successfully by casino RM professionals and …

The Long-Term Impact Of A Loyalty Program: An Evaluation From A Las Vegas Casino Hotel, Myongjee Yoo

UNLV Theses, Dissertations, Professional Papers, and Capstones

Loyalty programs are popular marketing strategies intended to attract, maintain, and enhance customer relationships. Despite the widespread usage of loyalty programs across various businesses, its effectiveness has not been well validated. Few empirical studies attempted to evaluate the value of loyalty programs but the findings have been conflicting with each other. Given the competitive climate of such a highly saturated competitive market of the hospitality industry, it is meaningful for hospitality marketers to evaluate the effectiveness of loyalty programs to increase customer retention and profitability. Therefore, the main purpose of this study was to examine the effectiveness of a hospitality …

Dynamic Decision Making And Race Games, Shipra De

Calvert Undergraduate Research Awards

Frequent criticism in dynamic decision making research pertains to the overly complex nature of the decision tasks used in experimentation. To address such concerns we study dynamic decision making with respect to the simple race game Hog, which has a computable optimal decision strategy. In the two-player game of Hog, individuals compete to be the first to reach a designated threshold of points. Players alternate rolling a desired quantity of dice. If the number one appears on any of the dice, the player receives no points for his turn; otherwise, the sum of the numbers appearing on the dice is …

Where Locals Play: Neighborhood Casino Landscapes In Las Vegas, Rex J. Rowley Ph.D.

Occasional Papers

Neighborhood casinos—gaming properties that target a primarily local market—are an influential feature on the Las Vegas cultural landscape. Such institutions reveal a number of geographical patterns that have important implications in gaming and place studies. The distinguishing characteristics of neighborhood casinos underscore the importance of proximity to a market, a focus that is evident in their advertising strategies. Additionally, the prominence of such casino-resorts within their respective neighborhoods makes them important symbols and indicators of the character of the surrounding community. These unique institutions teach lessons that can potentially be extrapolated to other gaming markets around the country.

Research Poster: Vulnerability To Climate Change And Policy Support In Rural Nevada, Ahmad Safi

2010 Annual Nevada NSF EPSCoR Climate Change Conference

Supervisor: Dr. William James Smith, Jr. Research poster

Structural Attributes Associated With The Prevalence Of Hate Groups: A State-Level Analysis, Paula Jean Kutneski

UNLV Theses, Dissertations, Professional Papers, and Capstones

With the number of hate groups increasing 54 percent since 2000, it is important to understand what is triggering these groups to form in geographical areas. The current study examined whether structural characteristics predicted the number of hate groups within a state. Using hate group listings from the Southern Poverty Law Center's Intelligence Report and U. S. Census data from 2000, this study explored a state's racial and ethnic heterogeneity, economic disadvantage, and regional location to explain hate group existence within that state. Employing correlations, Chi-Square analyses, multiple and logistic regressions, and a conjunctive analysis, this study found that a …