Perspectives on Gambling, Lotteries, Wagers, and Casinos
By (author) Laurence S. Moss
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Perspectives on Gambling, Lotteries, Wagers, and Casinos by Laurence S. Moss
Book DescriptionThis book consists of several carefully crafted essays on the subject of gambling. The first two essays relate the latest trends on technology and communications to the development of actual gambling practice. And so the first essay documents the impact of simulcast racing on wagering dollars-the impact simulcast bettering has raised the total amounts wagered from .25 billion dollars in 1985 to 15.62 billion dollars in 2002. Bettors find great interest in this developing technology. The next essay untangles the logic of the "double-auction gambling market" by explaining how the experimental work at George Mason University has and is altering the role of the bookmaker who now functions as a mere broker coordinating contracts between bettors. This development is especially obvious in Britain where online gambling is legal. As for the burgeoning state lotteries especially in the United States, we offer three insightful essays. The first recalls the hidden costs that these entertainments often imposed on the community. Indeed, the second essay offers empirical evidence that the persons "most likely" to play the lottery are not only the poor but those poor who are close to getting over the "poverty line." Somehow the lottery symbolizes a one-way ticket out of poverty making this a "desperation ticket" more than an entertainment ticket. Our last two papers should be taken together. The first of this group reminds of the great difficulties and arbitrary assumptions when trying to measure the costs and benefits of the development of Casino gambling. In the last essay, the main and most economically relevant approach would be to find out if there were any empirical connections betweens the growth
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Book DetailsISBN: 9781405179430
(230mm x 164mm x 9mm)
Imprint: Wiley-Blackwell (an imprint of John Wiley & Sons Ltd)
Publisher: John Wiley and Sons Ltd
Publish Date: 19-Dec-2007
Country of Publication: United Kingdom
Books By Author Laurence S. Moss
Social Inequality, Analytical Egalitarianism and the March Towards Eugenic Explanations in the Social Sciences, Hardback (October 2008)
This book contains several essays by historians of economics who express varying reactions to the thesis expressed in Professors Sandra J. Peart's and David M. Levy's book The 'Vanity of the Philosopher': From Equality to Hierarchy in Post-classical Economics.
Henry George, Paperback (June 2008)
Containing important papers by various Georgist scholars, this book highlights the ideas and influence of Henry George as a political economist. Highlights the ideas and influence of Henry George Includes path-breaking work on Henry George's rent theory Features in the Studies in Economic Reform and Social Justice series.
Land, Hardback (December 2007)» View all books by Laurence S. Moss
Land draws upon a transdisciplinary doctoral thesis that reviewed the evolution of Anglo-Australian land law and fiscal practice following the decline of feudalism and the enshrinement of individual profit seeking in a capitalist economy.
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Author Biography - Laurence S. Moss
Professor Laurence S. Moss is a Professor of Economics at Babson College in Massachusetts. He now serves as the editor-in-chief of the American Journal of Economics and Sociology.
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