Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/240211 
Year of Publication: 
2021
Citation: 
[Journal:] Journal of Gambling Studies [ISSN:] 1573-3602 [Issue:] Online first articles [Publisher:] Springer [Place:] Heidelberg/Berlin [Year:] 2021
Publisher: 
Springer, Heidelberg/Berlin
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.
Subjects: 
time preferences
discounting
risk
incentives
gambling
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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