Who gambles in the stock market

who gambles in the stock market

These results indicate that state lotteries and lottery-type stocks attract very similar socioe- conomic clienteles. THE DESIRE TO GAMBLE IS DEEP-ROOTED in. Using the five lottery-type stock preference measures, I find that about 34 to 39% of investors hold lottery-type stocks at least once during the sample period. In the paper, " Who Gambles in the Stock Market?" Alok Kumar, assistant professor of finance at the McCombs School of Business at The.

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VEGAS STRIP CLUBS Investor Sentiment and Return Comovements: AFA Boston Meetings Paper Journal of Finance, Forthcoming EFA Moscow Meetings Paper. Evidence from Stock Splits and Headquarters Changes By Alok KumarJeremy PageBy Gennaro BernileGeorge KorniotisHere are the instructions how to enable JavaScript in your web browser. In the cross-section, socioeconomic factors that induce greater expenditure in lotteries are associated with greater investment in lottery-type stocks.
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Who gambles in the stock market In the cross-section, socioeconomic factors that induce greater expenditure in lotteries are associated with greater investment in lottery-type thailand tip com. Cite this Apa Standard Harvard Vancouver Author BIBTEX RIS Kumar, A. Collectively, these results indicate that state lotteries and lottery-type stocks attract very similar socioeconomic clienteles. Who gambles in the stock market? Set citation alert Citing literature. At the aggregate level, individual investors prefer stocks with lottery features, and like lottery demand, the demand for lottery-type stocks increases during economic downturns.
who gambles in the stock market

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Further, these investment levels are higher in regions with favorable lottery environments. Rewriting History Next article in issue: Because lottery-type stocks underperform, gambling-related underperformance is greater among low-income investors who excessively overweight lottery-type stocks. You are currently viewing this paper. EconPapers is hosted by the Örebro University School of Business. Cookies are used by this site. Evidence from Stock Splits and Headquarters Changes.

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An error occurred while rendering template. Who gambles in the stock market? Add references at CitEc Citations View citations in EconPapers Track citations by RSS feed Downloads: Quick Links Research Paper Series Conference Papers Partners in Publishing Organization Homepages Newsletter Sign Up. Local Business Cycles and Local Liquidity. NarteaDongmin KongJi WuDo extreme returns matter in emerging markets? Evidence from Stock Splits and Headquarters Changes By Alok KumarJeremy PageAlok Kumar Journal of Finance, vol. By George Korniotis and Alok Kumar. Of course, I am responsible for all remaining errors and omissions. Access your saved publications, articles and searches Manage your email alerts, orders and subscriptions Change your contact information, including your password Click Here to Login. ABSTRACT This study shows that the propensity to gamble and investment decisions are free casino a.

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