Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159757
Authors: 
Capacci, Sara
Randon, Emanuela
Scorcu, Antonello E.
Year of Publication: 
2014
Series/Report no.: 
Quaderni - Working Paper DSE 918
Abstract: 
We perform an econometric analysis of the gambling market in Italy over the recession (2009-2012), observing the consumption patterns in "luck" and "skill" games. We find a different effect between the early and late period of the crisis. Whereas gambling initially behaves as normal good, in the long run luck games increase with the worsening of economic conditions. Moreover, skill games are more persistent and influence luck games, but not the opposite. Skill players choose simple lottery games, but luck players cannot handle complex games. Our results provide insights on investment choices in financial markets among expert and naïve buyers.
JEL: 
D12
L83
G01
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

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