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It is therefore important to understand and distinguish between these two stages of gambling behaviour. Currently, economic models have had limited focus on explaining why someone would gamble despite it yielding a negative utility. Here, we present a two-stage model, motivated by empirical literature and intuitive assumptions, that improves on existing economic models by distinguishing between the likelihood of gambling participation and of gambling that yields a negative utility. The model\u2019s predictions are empirically testable, consistent with existing literature, and add new insights. The model\u2019s ability to distinguish between the two stages helps to inform interventions that aim to reduce the prevalence of gambling-related harm while avoiding the need for restrictive approaches that aim to eliminate gambling altogether.<\/jats:p>","DOI":"10.1007\/s10899-022-10146-2","type":"journal-article","created":{"date-parts":[[2022,7,22]],"date-time":"2022-07-22T06:02:58Z","timestamp":1658469778000},"page":"65-81","update-policy":"https:\/\/doi.org\/10.1007\/springer_crossmark_policy","source":"Crossref","is-referenced-by-count":6,"title":["An Economic Model of Gambling Behaviour: A Two-Stage Approach"],"prefix":"10.1007","volume":"40","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-2723-1680","authenticated-orcid":false,"given":"Lachlan","family":"Cameron","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Jemimah","family":"Ride","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Nancy","family":"Devlin","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"297","published-online":{"date-parts":[[2022,7,22]]},"reference":[{"issue":"3","key":"10146_CR1","doi-asserted-by":"publisher","first-page":"133","DOI":"10.1556\/JBA.2.2013.011","volume":"2","author":"L Ashrafioun","year":"2013","unstructured":"Ashrafioun, L., Kostek, J., & Ziegelmeyer, E. 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