A Note on Gambling in Industrialized Nations

17 Pages Posted: 28 Jan 2007

Date Written: January 26, 2007

Abstract

Per capita gambling expenditures differ considerably among industrialized nations. Although such variation cannot be understood by reference to standard economic factors, a large part of these differences can be explained by two cultural variables. These are respectively related to the willingness of the population to accept income risks and to the basic values held by the population concerning the acceptability of behavior not reflected by the standard norms of "good behavior." This note shows how such cultural variables can be introduced into an economic analysis in a systematic fashion.

Keywords: gambling, cultural variables

JEL Classification: D120, D140, D840, Z100, Z130

Suggested Citation

Pryor, Frederic L., A Note on Gambling in Industrialized Nations (January 26, 2007). Available at SSRN: https://ssrn.com/abstract=959640 or http://dx.doi.org/10.2139/ssrn.959640

Frederic L. Pryor (Contact Author)

Swarthmore College ( email )

500 College Ave
Swarthmore, PA 19081
United States

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