The Benefits of Gambling Overlooked in Economic Cost-Benefit Analysis
If you or a loved one is suffering from a gambling addiction, the first step in treatment is understanding the root cause of the problem. Gambling is often an escape from unpleasant emotions and a way to relieve boredom. However, gambling can lead to other problems as well. Many people gamble because they don’t have the money to afford to stop, and they may feel pressured to sell their possessions or borrow money to pay for their losses. Moreover, problem gamblers may feel pressured to steal things from their families to fund their gambling habit. In such a case, they may want to seek help from a loved one or a peer support group. Alternatively, they can join Gamblers Anonymous, a 12 step recovery program patterned on Alcoholics Anonymous, where they are assigned a sponsor, who is a fellow gambler with a similar problem. The sponsor’s role
Many researches on gambling use the cost of illness approach, which often neglects the benefits of gambling. In contrast, economic cost-benefit analysis (ECBA) focuses on the positive impacts of gambling, evaluating the harms and benefits of gambling in common units. In this approach, the harms of gambling are valued in terms of their impact on individuals and society as a whole, instead of their direct financial costs to the gambling industry. However, the benefit of gambling is often overlooked, because it ignores the effects on society.
The first evidence of gambling comes from ancient China, where tiles used to play a game of chance and lottery-type games were found. Although gambling has become a popular activity in the U.S., it has been suppressed by law in many areas for centuries. In the early 20th century, the legal gambling industry in the United States was almost entirely outlawed, which led to the rise of a criminal organization and mafia. In the late 20th century, attitudes towards gambling shifted and gambling laws were relaxed.
The risks of gambling addiction increase with age. While low levels of gambling might seem harmless for older children, the risks of developing a gambling problem in adulthood are higher when gambling in childhood. Further, gambling can lead to the loss of friendships with non-gambling peers. So, the best way to prevent a gambling problem in a child is to limit exposure to gambling activities. For those with gambling problems, there are many resources available. If you have a family member with a gambling problem, you can consult a GP or psychologist. Alternatively, you can reach a gambling helpline and get some advice. Gambling Help Online offers email and webchat support services for people who are experiencing problems with gambling.
When a loved one is suffering from a gambling addiction, it is difficult to deal with the feelings of shame and helplessness. However, by reaching out for help, you can reassure your loved one that they’re not alone and that you’re not judging them. You can also set clear boundaries when it comes to managing the family’s finances and limit alcohol consumption. If you do decide to engage in gambling, try to be with others and try not to drink alcohol while you’re gambling.