Theoretical loss and gambling intensity: a simulation study

Many recent studies of internet gambling—particularly those that have analysed behavioural tracking data—have used variables such as ‘bet size’ and ‘number of games played’ as proxy measures for ‘gambling intensity.’ In this paper, it is argued that the best and most stable measure for Gambling Intensity is the ‘Theoretical Loss’ (a product of total bet size and house advantage). In the long run, Theoretical Loss corresponds with the Gross Gaming Revenue generated by commercial gaming operators. For shorter periods of time, Theoretical Loss is the most stable measure of gambling intensity as it is not distorted by gamblers’ occasional wins. Even for single bets, the Theoretical Loss reflects the amount a player is willing to risk. Using a simulation study, with up to 300,000 players playing as many as 13 different games, this paper demonstrates that the bet size and the number of games do not explain the theoretical loss entirely. In fact, there is a large proportion of variance which remains unexplained by measures of ‘bet size’ and ‘number of games’ played. Bet size and the number of games played do not equate to or explain theoretical loss, as neither of these two measures takes into account the house advantage

The real SAP® Business one cost : a case study of ERP adoption in an SME

This paper reports on a UK based service management Small and Medium-sized Enterprise (SME) that invested into SAP® Business One. The action research case study highlights the real cost and difficulties faced in moving to the one single SAP system and the process that was followed in order to identify third-party vendors that can integrate or customise SAP® Business One. This paper highlights the additional costs required to ensure a ‘fit-for-purpose’ solution to close the gap between strategic needs and the existing SAP Business One solution. The gap itself is illustrated by highlighting 10 key functionalities expected by the given service management SME. The actual implementation cost of the Enterprise Resource Planning (ERP) was found to be approximately double the initial SAP costs. The real costs involve time for, among other things, process reengineering, strategic decision making, software add-ons, staff-training, project-management and software maintenance

The effect of reionization on the COBE normalization

We point out that the effect of reionization on the microwave anisotropy power spectrum is not necessarily negligible on the scales probed by COBE. It can lead to an upward shift of the COBE normalization by more than the one-sigma error quoted ignoring reionization. We provide a fitting function to incorporate reionization into the normalization of the matter power spectrum.Comment: 3 pages LaTeX file with three figures incorporated (uses mn.sty and epsf

Comment on ``Consistent Sets Yield Contrary Inferences in Quantum Theory''

In a recent paper Kent has pointed out that in consistent histories quantum theory it is possible, given initial and final states, to construct two different consistent families of histories, in each of which there is a proposition that can be inferred with probability one, and such that the projectors representing these two propositions are mutually orthogonal. In this note we stress that, according to the rules of consistent history reasoning two such propositions are not contrary in the usual logical sense namely, that one can infer that if one is true then the other is false, and both could be false. No single consistent family contains both propositions, together with the initial and final states, and hence the propositions cannot be logically compared. Consistent histories quantum theory is logically consistent, consistent with experiment as far as is known, consistent with the usual quantum predictions for measurements, and applicable to the most general physical systems. It may not be the only theory with these properties, but in our opinion, it is the most promising among present possibilities.Comment: 2pages, uses REVTEX 3.

Information theoretic treatment of tripartite systems and quantum channels

A Holevo measure is used to discuss how much information about a given POVM on system $a$ is present in another system $b$, and how this influences the presence or absence of information about a different POVM on $a$ in a third system $c$. The main goal is to extend information theorems for mutually unbiased bases or general bases to arbitrary POVMs, and especially to generalize "all-or-nothing" theorems about information located in tripartite systems to the case of \emph{partial information}, in the form of quantitative inequalities. Some of the inequalities can be viewed as entropic uncertainty relations that apply in the presence of quantum side information, as in recent work by Berta et al. [Nature Physics 6, 659 (2010)]. All of the results also apply to quantum channels: e.g., if \EC accurately transmits certain POVMs, the complementary channel \FC will necessarily be noisy for certain other POVMs. While the inequalities are valid for mixed states of tripartite systems, restricting to pure states leads to the basis-invariance of the difference between the information about $a$ contained in $b$ and $c$.Comment: 21 pages. An earlier version of this paper attempted to prove our main uncertainty relation, Theorem 5, using the achievability of the Holevo quantity in a coding task, an approach that ultimately failed because it did not account for locking of classical correlations, e.g. see [DiVincenzo et al. PRL. 92, 067902 (2004)]. In the latest version, we use a very different approach to prove Theorem

How do impulsivity traits influence problem gambling through gambling motives? The role of perceived gambling risk/benefits.

Although substantial research suggests that motivations have been found to mediate the relationships between impulsivity traits and various forms of substance use, no studies have examined how gambling motives may mediate the relationships between impulsivity traits and problem gambling. The primary purpose of this study was to test an integrative model linking impulsivity traits and gambling problems, evaluating the mediating effects of gambling motives. Participants were 594 students (73% male; mean age =19.92; SD=2.91) enrolled in public high schools or universities. Young people who tend to act rashly in response to extremely positive moods, showed higher enhancement and coping motives, which in turn were positively related to gambling problems. Individuals with higher levels of sensation seeking were more likely to have higher levels of enhancement motives, which in turn were also positively related to gambling problems. The model was examined in several groups, separately for the level of perceived gambling risk/benefits (lower perceived gambling risk, higher perceived gambling risk, lower perceived gambling benefits, and higher perceived gambling benefits). There were significant differences between these groups for this division. These findings suggest that prevention and/or treatment strategies might want to consider the model’s variables, including impulsivity traits and gambling motives, in accordance with individual levels of perceived gambling risk/benefits