Template-Type: ReDIF-Paper 1.0
Author-Name: Rob Pryce
Author-Name-First: Rob
Author-Name-Last: Pryce
Author-Name: Ian Walker
Author-Name-First: Ian
Author-Name-Last: Walker
Author-Name: Rhys Wheeler
Author-Name-First: Rhys
Author-Name-Last: Wheeler
Title: How much of a problem is problem gambling?
Abstract: Problem gambling is conventionally defined by the score in a specific questionnaire exceeding some critical value and data suggests is that 0.7% of adults in the UK could be afflicted. However, the literature has not evaluated the size of the harm associated with such an affliction and this research evaluates the effect of problem gambling on self-reported well-being which, together with a corresponding effect of income on well-being, allows us to construct a money-metric of the (self) harm associated with being a problem gambler. Our estimates suggest that problem gambling imposes a very large reduction in individual well-being.
Creation-Date: 2017
File-URL: http://www.lancaster.ac.uk/media/lancaster-university/content-assets/documents/lums/economics/working-papers/LancasterWP2017_011.pdf
File-Format: application/pdf
Number: 167235280
Classification-JEL: I3, I31, D8
Keywords: gambling, lotto, problem gambling, well-being
Handle: RePEc:lan:wpaper:167235280