PART I Motivation for betting and risk taking 1 Towards an explanation of betting as a leisure pursuit 2 Costing excitement in leisure betting 3 Successful betting strategies: evidence from the UK off-course betting market PART II The impact of complexity on decision-making behaviour 4 The complex decision: insights from naturalistic research 5 An empirical study of the impact of complexity on participation in horse-race betting 6 A profit model for estimating the effect of complexity on risk taking 7 Risk strategy under task complexity: a multivariate analysis of behaviour in a naturalistic setting 8 Decision-making under risk: effect of complexity on performance PART III Gender differences in decision-making behaviour 9 Gender and DSS design: the research implications 10 Male and female betting behaviour ? new perspectives 11 Gender-based differences in leisure behaviour: performance, risk taking and confidence in off-course betting 12 Decision-making, risk and gender: are managers different? PART IV The use of information by decision-makers and deviations from rational economic behaviour 13 A violation of dominance and the consumption value of gambling 14 Exploring decision-makers’ use of price information in a speculative market 15 Gluck’s Second Law: an empirical investigation of horse-race betting in early and late races 16 Investigating the roots of the favourite?longshot bias: an analysis of decision-making by supply- and demand-side agents in parallel betting markets 17 Market efficiency analysis requires a sensitivity to market characteristics: some observations on a recent study of betting market efficiency 18 Efficiency characteristics of a market for state-contingent claims 19 Market ecology and decision behaviour in state-contingent claims markets 20 Calibration of subjective probability judgements in a naturalistic setting