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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|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.|