Financial Literacy and Financial Risk Tolerance of Lottery Gamblers in Thailand

This paper investigates the impacts of financial literacy level, risk tolerance and demographic characteristics on gambling behavior informal laborers. The data were analyzed by Multivariate Analysis Variance Multinomial Logistic Regression. total 995 participants used in this research collected Multi-Stage Randomization from laborers Southern Thailand. empirical analysis revealed that confidence, tolerance, significant determinants gambler’s behavior. older gamblers were, more they got addicted to gambling. Also, people perceived have a high level literacy, would gamble. However, it was found female frequent than males. Thus, agencies responsible for supervising education should be aware expected outcomes, not only focusing actual but also supporting individuals achieve healthy confidence.