Gambling Behaviour and World Economies

Discussion in 'Economics' started by infolode, Mar 6, 2007.

  1. Do people tend to gamble or take greater risks in a bad economy? (casinos, sports betting and etc.)

    More to the point, when rumors of impending inflation or deflation circulate does gambling increase or decrease.

    When economies are confirmed depressed, does gambling increase or decrease.

    I'm getting conflicting data based on demographics and era.
  2. Drew07


    Interesting question...there has to be some studies out there. What about after a boom, when people have excess funds are they more likely to take larger risks and gamble with the money?
  3. Gambling and betting are more of a bear market phenomenon. People seek out excitement and "easy money" in casinos. People give up on investing from being "long & wrong" in the market.
  4. Thank you both for your feedback. Much appreciated.