Professional Development Seminar: Understanding the Relationship Between Subjective Wellbeing and Gambling Behavior
Understanding the Relationship Between Subjective Wellbeing and Gambling Behavior
Professor Farrell will discuss relationship between gambling behavior and subjective wellbeing. It is often asserted that populations consist of different types of gamblers: those for whom gambling is a harmless leisure activity and those (pathological/problem gamblers) for whom the activity has harmful effects. One might, therefore, assume that subjective wellbeing will be negativity associated with an individual’s level of gambling addiction. Alternatively, gamblers may choose to gamble because they derive utility from participating in this activity and so the relationship between happiness and gambling might be positively correlated. In this paper we test this association, empirically, using data from the 2010 British Gambling Prevalence Survey. The statistically significant findings from this analysis support the hypothesis that individual wellbeing falls as gambling disorder increases.
Professor Farrell’s paper recently been accepted for publication in the Journal of Gambling Studies and is now available online and with open access from the following link: https://link.springer.com/article/10.1007/s10899-017-9692-4
About the speaker
Lisa Farrell is Professor of Economics in the School of Economics, Finance and Marketing. She is Deputy Head of School (Economics) and Director of the Markets, Culture and Behaviour Research Group. Lisa has published extensively in A* and A ranked journals. From 2011-2016, she was the Chief Examiner, Economics and Markets, Foundation Studies for Chartered Professional Accountants (CPA) Australia. In 2010 she served as a member of the Excellence in Research for Australia, Social and Economic Behaviour (SBE) panel. Lisa is also on the editorial board of the Journal of Gambling Business.
Lisa’s research interests lie in the area of Applied Microeconomics, where she studies consumer expenditure in relation to risky health behaviours (gambling, smoking and drinking) and behavioural economics (understanding and modelling addiction and the effects of psychology/personality on economic decisions and outcomes). Professor Farrell also has a strong track record in the field of child health and economic welfare issues such as childhood consumption and the impact of welfare systems on incentives for young adults to drop out of school.
From: Thursday June 29, 2017, 12:30 pm
To: Thursday June 29, 2017, 1:30 pm
Level 1, 385 Bourke Street, Melbourne VIC 3000