Abstract:We examine how measured intelligence, referred to as IQ, predicts a consumer's decisions on whether to participate in online horse wagering, how much to spend on those bets, and which horserace betting products to consume. We combine three individual-level archival data sets from Finland, including all online horse bets during a 1-year period from the state-sanctioned monopoly operator, the Finnish Defence Forces' IQ test scores from male conscripts born between 1962 and 1990 (N = 705,809), and administrative … Show more
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.