Psychological Effects on Determining Consumer Confidence Index: Relationship between Games of Chance

Authors : Hakan ERYÜZLÜ

Pages : 430-440

View : 13 | Download : 7

Publication Date : 2020-03-13

Article Type : Research Paper

Abstract :Measuring and analyzing consumer expectations in the economy is crucial to making the right economic decisions. If the expectations are interpreted correctly, the precaution to be taken will be effective. Expectations can also provide pioneering information for future undesirable economic situations. It is a very difficult task to estimate the leading indicators. Because the science of economics is a science related to society. The behavior of the people constituting the society is shaped by psychological factors. It is very difficult to monitor or measure the psychological factors in question. Confidence indices are important macro calculations that can provide information about social psychological state. The measurement of consumer expectations in Turkey, the Consumer Confidence Index (TGA) is an index used widely considered a leading indicator for economic events and to live. In this study, an indicator that could be a pioneer for TGE was tried to be determined. For this purpose, the relationship between TGE and the rate of playing legal chances regulated by the state was analyzed in order to reflect the psychological status of consumers. The results of the causality analysis, short- and long-term relationships with TG between games of chance to play amounts were detected in Turkey.
Keywords : games of chance, leading indicators, consumer confidence index