Anti-gambling nudges can improve household finances – Philly Fed research
Natural experiment shows how removing “geographically close cues” can help tackle addiction
Research published by the Federal Reserve Bank of Philadelphia offers empirical evidence on how regulators might be able to improve households’ finances by restricting access to gambling.
The working paper, by Vyacheslav Mikhed, Barry Scholnick and Hyungsuk Byun, exploits a natural experiment in which the Canadian province of Alberta removed around 25% of slot machines from neighbourhood bars, in an effort to combat gambling addiction.
The researchers note distance can act as a commitment
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