Presentation Type
Event
Location
Caesars Palace, Las Vegas Florentine III
Start Date
30-5-2013 2:00 PM
End Date
30-5-2013 3:30 PM
Disciplines
Economics | Gaming and Casino Operations Management | Statistics and Probability
Abstract
Introduction
Economic theory suggests that discrimination is price sensitive and money an equalizer
This means that discrimination decreases the higher the private costs for the discriminator
Economic reasoning: Discrimination comes at a price for the discriminator
- Example: an employer discriminates against potential employees with a non-white skin tone and thus may miss the best employees who then work for a competitor.
- Imperfect competition leads to rents and rents can be used to discriminate and they can be discrimination in itself. [Jomo, 2003].
- Competition reduces discrimination
Included in
Economics Commons, Gaming and Casino Operations Management Commons, Statistics and Probability Commons
Session 3-3-F: Measuring the Price of Discrimination with Data on Poker Games
Caesars Palace, Las Vegas Florentine III
Introduction
Economic theory suggests that discrimination is price sensitive and money an equalizer
This means that discrimination decreases the higher the private costs for the discriminator
Economic reasoning: Discrimination comes at a price for the discriminator
- Example: an employer discriminates against potential employees with a non-white skin tone and thus may miss the best employees who then work for a competitor.
- Imperfect competition leads to rents and rents can be used to discriminate and they can be discrimination in itself. [Jomo, 2003].
- Competition reduces discrimination
Comments
Moderator: Brett Abarbanel
Session 3-3-F Advantage Play and Real-time Analysis of Games
File: 16 PowerPoint slides