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Discounting Behavior in Problem Gambling.
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- Author(s): Ring, Patrick; Probst, Catharina C.; Neyse, Levent; Wolff, Stephan; Kaernbach, Christian; van Eimeren, Thilo; Schmidt, Ulrich
- Source:
Journal of Gambling Studies; Jun2022, Vol. 38 Issue 2, p529-543, 15p- Subject Terms:
- Source:
- Additional Information
- Abstract: Problem gamblers discount delayed rewards more rapidly than do non-gambling controls. Understanding this impulsivity is important for developing treatment options. In this article, we seek to make two contributions: First, we ask which of the currently debated economic models of intertemporal choice (exponential versus hyperbolic versus quasi-hyperbolic) provides the best description of gamblers' discounting behavior. Second, we ask how problem gamblers differ from habitual gamblers and non-gambling controls within the most favored parametrization. Our analysis reveals that the quasi-hyperbolic discounting model is strongly favored over the other two parametrizations. Within the quasi-hyperbolic discounting model, problem gamblers have both a significantly stronger present bias and a smaller long-run discount factor, which suggests that gamblers' impulsivity has two distinct sources. [ABSTRACT FROM AUTHOR]
- Abstract: Copyright of Journal of Gambling Studies is the property of Springer Nature and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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