ECON/HTMT
360, Tourism and the Gambling Industry
College of Charleston
Spring 2020 | Doug Walker
LECTURE OUTLINE & ASSIGNMENTS
** Everything on this page is
subject to change. Last updated: 12/29/19.
**
|
Exp. Date
|
Topic
|
Grinols,
Gambling in America |
Walker, Casinonomics ( ) = optional |
Reading
|
News
Articles and Other Material
|
|
| A.
Introduction - student survey on gambling - review syllabus and class policies - overview of gambling in the US - 17th Intl Conf on Gambling B. Review of microeconomics |
1 | Preface, 1, Appendix | - Time wasting promotions | |||
| C. Economics of state lotteries | - Fottrell,
"Why the $1.6bn Powerball is everything that's wrong
with America" (2016) |
- SC
Education
Lottery - SC Lottery education funding overview - Lottery and happiness (v) |
- Class lottery pool - Expert advice on the lottery - "Lottery curse" story on Jack Whitaker (v) - Lottery Changed my Life, Leroy Fick (v) - John Oliver on the lottery (v) - Out of Luck (v) trailer | film on Amazon Prime |
|||
| D.
Statistical theory of
games - perceptions of odds & luck - luck games: slots, craps, roulette - skill games: blackjack, poker |
- Hannum
& Cabot (2005), on Roulette,
Craps,
and Blackjack | (table
showing H.A.
on craps bets) - Casino Math full book - AGA, The House Advantage |
-
Volotta (2010), "Blackjack
payouts drop, but oh, those dancers!" - Slots: What Every Player Should Know (v) |
-
Movie clips: The Cooler - Kucharski: How Science is Taking the Luck out of Gambling (v) - NC table game "dealers", pic 1 | 2 |
|||
| E.
Introduction to gambling policy debate - sides of the debate - inter-industry relationships |
2, 3 | (18) | - Bluestein (1/2017), GA governor wants to be sure casinos won't devastate
lottery |
- Pushing Luck (v) - The Simpsons, "$pringfield" (v) - Stossel, Gambling and Liberty (v) - Andy Rooney on Gambling (v) |
- Andy
Rooney with Ali G (v) - Simpsons trivia question, "big time' pic" - Cummings et al. (2017), Effect of Casino Proximity on Lottery Sales in Maryland |
|
| F.
Casinos I:
economic benefits - economic growth (theory) - consumer benefits - economic growth (evidence) - casinos and tax revenues |
4, 5, 6 | 2-6, (7), 8 |
- AGA, State of the States, 2018 | - Boston Globe: Everett/Encore Casino Jobs |
Map
of Mid-Atlantic casino market Map of Northeast casino market |
|
| G.
Disordered
gambling - diagnostic instruments - prevalence studies - casinos and crime - 12-step programs & treatment - responsible gambling (RG) |
9, 10,
(11), 12 |
- DSM-V, Pathological
gambling - Lesieur & Blume (1987), South Oaks Gambling Screen (SOGS) - Brief biosocial gambling screen - Schaler, Addiction is a Choice, Intro | Ch 1 | 2 - Walker et al. (2015), "Setting Win Limits" |
-
Playresponsiblysc.com, warning
signs - Gamblers Anonymous, 12-step program - Nelson Rose, "Gambler Just Can't Win" - The Economist, The almost-winning addiction - CBS 60 Min: Slots: The Big Gamble (v) - Stossel: Help Me! I Can't Help Myself! (v) - Theory of rational addiction (v) |
- Casino
check cashing (pic) - Penn & Teller: Bullshit! (12-step) (v) - Twilight Zone, "The Fever" (v, 1960) - The Onion, "83% of gamblers quit..." - Addiction (v), Kurzgesagt - M.Lewis: Neuroscience of Addiction (v) - Movie: Owning Mahowny (dvd) |
||
| H.
Casinos II: social/economic
costs - definition of "social cost" - monetary estimates - casinos and crime rates - "cannibalization" |
7, 8 | 13-16, (17) | -
Thompson, et al. (1997), "Social
and legal
costs of compulsive gambling" |
-
Thompson's "bath
tub" model of the economy - Walker (2013), Social cost lecture PP |
- Grinols, Piety and Political Economy - Kindt, Depo 1 | 2 |
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** FINAL EXAM ** Tuesday, April 28, 9:30-11:00 |
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