Online Gambling of Pure Chance: Wager Distribution, Risk Attitude, and Anomalous Diffusion.

Abstract:

:Online gambling sites offer many different gambling games. In this work we analyse the gambling logs of numerous solely probability-based gambling games and extract the wager and odds distributions. We find that the log-normal distribution describes the wager distribution at the aggregate level. Viewing the gamblers' net incomes as random walks, we study the mean-squared displacement of net income and related quantities and find different diffusive behaviors for different games. We discuss possible origins for the observed anomalous diffusion.

journal_name

Sci Rep

journal_title

Scientific reports

authors

Wang X,Pleimling M

doi

10.1038/s41598-019-50168-2

subject

Has Abstract

pub_date

2019-10-11 00:00:00

pages

14712

issue

1

issn

2045-2322

pii

10.1038/s41598-019-50168-2

journal_volume

9

pub_type

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