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Home » Recreation And Sports Articles » Which Bingo Players Are The Fairer Sex

Which Bingo Players Are The Fairer Sex?

It is often said that women are the fairer sex. When making decisions that have a material or cash value it is also said that women share more easily than men. So when it comes to winning a prize, lets say a big bingo jackpot win, would women share so easily and if so, who or what would they spend it on.

Economists assume that all individuals behave optimally, that is, they use all information available to them to make rational choices. However, when it comes to the opportunity of winning a prize such as a large competition cash win, men and women behave different. Rational decision making so often can fly out the window, but mainly for whom?

Consider research from the University of London which studied the behavior of contestants during a game show aired in the Netherlands. The study was undertaken to discover what people's motivations were when making decisions that affect others as well as themselves when money was involved.

They analyzed the behavior of the contestants who were taking part in a game show which, at the end of the game, two final contestants had a critical decision to make.

The critical decision was for each of the players to make a decision whether to share or grab the large sum of prize money. Each player made his or her decision without the other contestant knowing what the decision was. If both players chose to share the amount, they would each get half. If a player chose to share while their opponent chose to grab, the opponent received all the money. The crucial element was that if both players chose grab, they would both end up with nothing.

Now to seek the maximum return from the prize money a player would have to choose to grab. This actually happened on 60% of occasions where men were making the decision, with the results showing that female players shared almost 60% of the time, implying that money is not the only motivating factor and proving that women are indeed the fairer sex. Since they shared more often it also showed that female players who made an explicit promise to share are more likely to do so.

Now the idea that women share more often does not necessarily mean women are more generous. In fact, research conducted by one large bank shows that men are more likely to lend a friend a larger sum of money than their female counterparts. A third of women questioned (33%) said the maximum amount they would lend a friend would be £100, while one in ten (11%) of men said they would lend a friend more than £2,000.

So if you won a sum of prize money perhaps on bingo online, would you share the pot? The likelihood is yes. Everyone likes to share their happiness and in particular with friends and family. Even if you win a small amount you are likely to share a small part of this.

Research by one leading online bingo games provider showed that their female players often spent their prize winnings on family members and the household before spending on themselves. 72% of winners gave part of their prize money to their family, while 61% spent it on buying things for the house. Only 35% actually spend their money immediately on things for themselves, be it clothes or personal items.

The larger the sum of money however, the more likely it is that a player will keep a large part of it to themselves. Large sums of money enabled players to buy larger things such as cars or holidays, which inevitably meant that these were personal purchases.

The survey showed that men were more likely to buy personal items for themselves, be it toys for boys, clothes or other, with some 53% saying they actually spend their prize money on social activities and personal items.

So indeed it seems that women are the fairer sex, sharing more often and considering others. So the next time you have a big online bingo jackpot win, don't' feel guilty if you want to spend a small part of it on yourself, but may your friends and family be truly grateful for what they were about to receive.

And here is another random article you might be interested in...

The Importance of Gross Profit Margin

To find the fair value of a common stock, we need to determine the net profit generated by a firm. Dissecting income statement will give us the steps required to find net profit. One of the critical component of income statement is gross profit.

What is gross profit? Gross profit is the profit obtained after subtracting all variable costs with revenue. For a retail firm, it is the difference between the selling price of an item and the price the firm bought the item. In other words, the difference between what it sells and what it bought.

Gross profit itself does not give us a lot of information about the strength of a firm. Gross profit is frequently expressed in term of percentage. This is called gross profit margin (GPM). Gross profit margin varies among industries. Retailers normally have a slimmer gross profit margin than a software company.

So, how can investors use gross profit margin to analyze a company? Investors can use this tool to explain the competitive strength of a company. By analyzing gross profit margin trend, the health of a specific company can be determined. There are only three trends in gross profit margin. Gross profit margin can go up, down or stay the same. I will explain the implication two of those trends.

Increasing Gross Profit Margin. It is never a bad thing when a firm can increase its gross profit margin. Increasing gross profit margin can mean two things for the company. First, the company has a favorable pricing power. When a firm raise price due to overwhelming demand, gross profit margin will increase. Of course, this assumes that variable costs do not increase. Secondly, increasing gross profit margin may mean that a firm is getting more efficient in production. When price per unit stays the same while the cost of variable unit drops, gross profit margin will increase.

Decreasing Gross Profit Margin. Deteriorating gross profit margin is not favorable to a firm. This normally means two things. First, it may mean that the variable cost has risen due to the change in commodity prices. When selling price stays constant while variable cost increases, gross profit margin will drop. Second, decreasing gross profit margin also implies that a firm has no pricing power. When a firm has to cut price to generate sales, this is not a good thing. When selling price per unit decreases while variable cost stays constant, gross profit margin will decrease.

When estimating gross profit margin for fair value calculation, we need to look at other things such as the industry competitiveness, the firm's inventory level, new products that are coming out and so forth.

For example, when a firm has a high inventory level, there is a good chance that gross profit margin will eventually suffer. The reasoning is that when you have too much of unsold items, you have to sell it at a lower price (price cut) to clear your inventory. Meanwhile, variable cost stays constant since the item has been produced a while ago.

Estimating a reasonable gross profit margin is crucial in determining the fair value of your investment. If company A historically possess a 20% gross profit margin, you better have a pretty good explanation if you estimate next year's gross profit margin to be in the range of 60%. Perhaps, a new patented product will be released. Or, its largest competitors may just shut its door, therefore allowing the firm to raise price. Whatever it is, it is important for investors to know what causes gross profit margin to change.