Assessment of Financial Literacy and Financial Stress on Online Problematic Gambling Behaviour: In case of Jimma Town, South Western Ethiopia
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Connects with: @breunig2019 @muggleton2021 @oksanen2018
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sisay2025 - p. 2
On one direction, there exists both theoretical frameworks and empirical evidence that substantiates the assertion that problematic gambling behavior can precipitate financial difficulties and complicate access to financial services (Muggleton et al., (2021); Oksanen et al., (2018).
sisay2025 - p. 2
According to a study by Furaker & Hedenus, (2009), Some gamblers used their winnings to improve their financial situation, such as paying loan and saving for the future.
sisay2025 - p. 3
The aim of the study is addressed by achieving the following specific objectives: 1. To assess the effect of financial literacy on the online problem gambling among online gambler in Jimma town. 2. To assess the role of financial education on the online problem gambling among online gambler in Jimma town 3. To investigate the effect of financial stress on online problem gambling among online gamblers in Jimma town. 4. To examine the role of financial resilience in the effect of online problem gambling on the financial stress among online gamblers Jimma town. 5. To determine the extent to which the attitude towards gambling influence participation in problem gambling in Jimma town.
sisay2025 - p. 4
Gambling behavior is characterized by the cumulative gambling choices made over a specified duration
sisay2025 - p. 4
The addiction theory posits that individuals may exhibit irrational behavior by opting to engage in gambling, despite the fact that refraining from gambling could result in greater overall well-being assert that individuals participate in gambling due to its nature as a pleasurable leisure activity, with a psychological consideration for utility augmentation integrated into the expected utility framework. The determination of the shift from gambling to abstinence is predicated on the extent of psychological impacts that an individual recognizes as emanating from gambling. In the event that an individual’s perceived benefit arising from the psychological ramifications of gambling continues to be favorable and exceeds the anticipated negative utility linked to gambling, it is probable that this individual will continue to engage in gambling behaviors
sisay2025 - p. 4
Hurla et al. (2017) the addiction theory articulated by Herrnstein and Prelec (1992) was transposed to develop a behavioral framework pertinent to gambling, which categorizes gamblers into three discrete classifications: recreational gamblers, frequent gamblers, and problem gamblers.
sisay2025 - p. 5
Although the negative repercussions of gambling have garnered scholarly attention, the empirical evidence regarding its influence on financial stress is predominantly anecdotal in nature (Koomson, Churchill, & Munyanyi, 2022).
sisay2025 - p. 5
Financial stress is characterized as the challenges encountered by an household or individual in fulfilling fundamental financial obligations because of monetary insufficiency
sisay2025 - p. 5
While the authors examine the implications of gambling on financial distress, it is also plausible that financial distress could drive individuals to partake in gambling endeavors (Buchanan et al., 2020), thus presenting the potential for reverse causality, which may serve as a source of endogeneity bias.
sisay2025 - p. 9
Gambling: The Problem Gambling Severity Index (PGSI) was used to measure how severe gambling problems are in a target population. The PGSI is a validated measure that is widely used in research(Ferris & Wynne, (2001); Awaworyi Churchill & Farrell, (2020a).
sisay2025 - p. 9
inancial Literacy: We were useLusardi & Mitchell, (2008), methodology to measure financial literacy in the study, which is mostly utilized in the prevailing scholarly discourse
sisay2025 - p. 9
Financial Stress: The researcher was use the same methods as previous studies to measures of financial stress that respondent was asked about their experiences of financial stress and economic hardship(Wilkins & Burke, 2015). Respondents were asked if they had experienced any of the financial stress related questions in the past 12 months by completing a selfcompletion questionnaire.(Wilkins & Burke, (2015); Breunig et al., (2019)
sisay2025 - p. 15
FS .542 .038 .676 14.180 .000 .584 1.714