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Economics of Poker: The Effect of Systematic Change

Author

Listed:
  • Roger Hannum

    (University of Denver)

  • Matthew Rutherford

    (University of Denver)

  • Teresa Dalton

    (University of Denver)

Abstract

Survey data on participation in gambling typically contain many zeros. The presence of many zeros presents methodological problems for the analysis of participation in gambling markets and gambling expenditure. The most common techniques for handling zeros in gambling data have been the Tobit estimator and the Heckman selectivity estimator. Recent research indicates that hurdle models (Jones 1989, 2000) and the Cragg (1971) model, are better suited to analyze participation in gambling. We apply these models to gambling participation in Canada and find that the double hurdle model is preferred in two of the three forms of gambling examined.

Suggested Citation

  • Roger Hannum & Matthew Rutherford & Teresa Dalton, 2012. "Economics of Poker: The Effect of Systematic Change," Journal of Gambling Business and Economics, University of Buckingham Press, vol. 6(1), pages 25-48, March.
    • Handle: RePEc:buc:jgbeco:v:6:y:2012:i:1:p:25-48
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    More about this item

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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