Dear All,

Please find below the invitation to the IN PERSON CEU Economic Seminar Series (CESS) presentation.

On Tuesday, Paolo Falco (U of Copenhagen) will talk about: ‘It's a Sure Win! Experimental Evidence on Overconfidence in Betting Behavior’

Time and venue: September 27, Wednesday, 11.15am – 12.30pm, in D-212.

ABSTRACT:

As sports betting is surging worldwide, so are concerns about excessive gambling. To explore the drivers of sports betting, we conduct an experiment investigating how regular sports bettors in urban Tanzania value bets and form expectations about winning probabilities. We find that subjects assign higher certainty equivalents and winning probabilities to sports bets than to urn-and-balls lotteries with identical odds, even though they are not more likely to win. Coupled with novel survey data on betting frequency and motives, our experiment suggests that, by leveraging gamblers' overconfidence in their ability to predict sports outcomes, sports betting can exacerbate financial losses.

Please sign up for the seminar at this link till 4pm, the day before the seminar!

Best Regards:

Judit

P.S.: If you don’t want to receive the CESS invitations in the future, please let me know in an email reply to this message!

Judit Lafferthon
Executive Assistant of the HoD
Department of Economics and Business
Pronouns: she/her

CEU PU
Address: Quellenstrasse 51 | 1100 Vienna, Austria