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Costing excitement in leisure betting

Costing excitement in leisure betting
Costing excitement in leisure betting
The objective of this paper is to explore the effects of excitement on the nature of betting decisions. As such, it addresses an area of inquiry, the relationship between excitement and leisure, which has received only limited attention in the literature. A distinctive feature of the paper is its use of a large and geographically dispersed sample of real betting decisions made in UK betting offices. Two procedures are employed to test the existence and magnitude of the effects of excitement. Those subgroups of the aggregate population which are most subject to excitement are shown to display significantly inferior decision-making performance, despite apparent informational advantages. Evidence is also presented which suggests that they bet with significantly higher stakes and it is argued that the results support the notion that the consumption of excitement involves a financial penalty.
0261-4367
48-63
Bruce, A.C.
6d9f1a51-38a8-4011-a792-bfc82040fac4
Johnson, J.E.V.
1ac804ad-0402-4c8f-8d96-065dffb67a46
Bruce, A.C.
6d9f1a51-38a8-4011-a792-bfc82040fac4
Johnson, J.E.V.
1ac804ad-0402-4c8f-8d96-065dffb67a46

Bruce, A.C. and Johnson, J.E.V. (1995) Costing excitement in leisure betting. Leisure Studies, 14 (1), 48-63. (doi:10.1080/02614369500390041).

Record type: Article

Abstract

The objective of this paper is to explore the effects of excitement on the nature of betting decisions. As such, it addresses an area of inquiry, the relationship between excitement and leisure, which has received only limited attention in the literature. A distinctive feature of the paper is its use of a large and geographically dispersed sample of real betting decisions made in UK betting offices. Two procedures are employed to test the existence and magnitude of the effects of excitement. Those subgroups of the aggregate population which are most subject to excitement are shown to display significantly inferior decision-making performance, despite apparent informational advantages. Evidence is also presented which suggests that they bet with significantly higher stakes and it is argued that the results support the notion that the consumption of excitement involves a financial penalty.

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Published date: 1995

Identifiers

Local EPrints ID: 36419
URI: http://eprints.soton.ac.uk/id/eprint/36419
ISSN: 0261-4367
PURE UUID: 8913a1f1-fd12-43bc-87fb-66f7b7ac615c

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Date deposited: 01 Aug 2006
Last modified: 15 Mar 2024 07:56

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Contributors

Author: A.C. Bruce
Author: J.E.V. Johnson

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