Does Drug Use Affect an Individual's Decision to Gamble?
Abstract
Gambling has become a multi billion-dollar industry in the United States. At the same time, drug use in the United States has been increasing and has become a frequently debated topic with many states considering legalization of marijuana. This paper focuses on the relationship between recreational drugs, marijuana and cocaine, and how their use may affect the decision to gamble. Data from Wave III of The National Longitudinal Study of Adolescent to Adult Health is used to perform regression analysis and use economic theory to interpret the results. The results suggest that drug use, specifically marijuana, may contribute to a shift in gambling preferences by the user.
Session Name:
Risky Business
Start Date
10-4-2015 2:30 PM
End Date
10-4-2015 3:30 PM
Location
HSB 300
Does Drug Use Affect an Individual's Decision to Gamble?
HSB 300
Gambling has become a multi billion-dollar industry in the United States. At the same time, drug use in the United States has been increasing and has become a frequently debated topic with many states considering legalization of marijuana. This paper focuses on the relationship between recreational drugs, marijuana and cocaine, and how their use may affect the decision to gamble. Data from Wave III of The National Longitudinal Study of Adolescent to Adult Health is used to perform regression analysis and use economic theory to interpret the results. The results suggest that drug use, specifically marijuana, may contribute to a shift in gambling preferences by the user.