The role of risk aversion and accuracy of expectations in casino gambling
| Název práce v češtině: | |
|---|---|
| Název v anglickém jazyce: | The role of risk aversion and accuracy of expectations in casino gambling |
| Klíčová slova anglicky: | risk aversion, rationality, gambling, casino games, expected value |
| Akademický rok vypsání: | 2013/2014 |
| Typ práce: | bakalářská práce |
| Jazyk práce: | angličtina |
| Ústav: | Institut ekonomických studií (23-IES) |
| Vedoucí / školitel: | doc. PhDr. Michal Bauer, Ph.D. |
| Řešitel: | skrytý - zadáno vedoucím/školitelem |
| Datum přihlášení: | 11.02.2014 |
| Datum zadání: | 11.02.2014 |
| Předběžná náplň práce v anglickém jazyce |
| The aim of this thesis is to study motivations for gambling, in particular the role of risk aversion and accuracy of expectations. The thesis will be empirical, based on a simple questionnaire survey conducted among people, who play casino games. We will collect data about their characteristics, risk preference and their expectations about return and risk profiles of casino games. The results will help us to assess whether gamblers are rational in their expectations. By collecting some data from casinos we will also study how the distribution of gamblers across different casino games varies with respect to their income, age and gender.
The outline of the thesis is as follows. 1. Introduction 2. Literature review 3. Casino mathematics 4. Data collection 5. Results 6. Discussion 7. Conclusion |