Online Gambling of Pure Chance: Wager Distribution, Risk Attitude, and Anomalous Diffusion
被引:3
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作者:
Wang, Xiangwen
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机构:
Virginia Tech, Dept Phys, Blacksburg, VA 24061 USA
Virginia Tech, Ctr Soft Matter & Biol Phys, Blacksburg, VA 24061 USAVirginia Tech, Dept Phys, Blacksburg, VA 24061 USA
Wang, Xiangwen
[1
,2
]
Pleimling, Michel
论文数: 0引用数: 0
h-index: 0
机构:
Virginia Tech, Dept Phys, Blacksburg, VA 24061 USA
Virginia Tech, Ctr Soft Matter & Biol Phys, Blacksburg, VA 24061 USA
Virginia Tech, Acad Integrated Sci, Blacksburg, VA 24061 USAVirginia Tech, Dept Phys, Blacksburg, VA 24061 USA
Pleimling, Michel
[1
,2
,3
]
机构:
[1] Virginia Tech, Dept Phys, Blacksburg, VA 24061 USA
[2] Virginia Tech, Ctr Soft Matter & Biol Phys, Blacksburg, VA 24061 USA
[3] Virginia Tech, Acad Integrated Sci, Blacksburg, VA 24061 USA
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.