Universität zu Köln

Ring, Patrick ORCID: 0000-0002-2214-3139, Probst, Catharina C., Neyse, Levent, Wolff, Stephan, Kaernbach, Christian, van Eimeren, Thilo ORCID: 0000-0002-6951-2325 and Schmidt, Ulrich . Discounting Behavior in Problem Gambling. J. Gamb. Stud.. NEW YORK: SPRINGER. ISSN 1573-3602

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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.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Ring, Patrick UNSPECIFIED orcid.org/0000-0002-2214-3139 UNSPECIFIED Probst, Catharina C. UNSPECIFIED UNSPECIFIED UNSPECIFIED Neyse, Levent UNSPECIFIED UNSPECIFIED UNSPECIFIED Wolff, Stephan UNSPECIFIED UNSPECIFIED UNSPECIFIED Kaernbach, Christian UNSPECIFIED UNSPECIFIED UNSPECIFIED van Eimeren, Thilo UNSPECIFIED orcid.org/0000-0002-6951-2325 UNSPECIFIED Schmidt, Ulrich UNSPECIFIED UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-595457
DOI:	10.1007/s10899-021-10054-x
Journal or Publication Title:	J. Gamb. Stud.
Publisher:	SPRINGER
Place of Publication:	NEW YORK
ISSN:	1573-3602
Language:	English
Faculty:	Unspecified
Divisions:	Unspecified
Subjects:	no entry
Uncontrolled Keywords:	Keywords Language PATHOLOGICAL GAMBLERS; TIME PERSPECTIVE; RISK PREFERENCES; DELAYED REWARDS; IMPULSIVITY; DISORDERS; VALIDITY; HEALTH; RELIABILITY; LOSSES Multiple languages Substance Abuse; Psychology, Multidisciplinary Multiple languages
URI:	http://kups.ub.uni-koeln.de/id/eprint/59545