Who gambles in the stock market

who gambles in the stock market

This study shows that people's propensity to gamble and their investment decisions At an aggregate level, individual investors prefer stocks wi. These results indicate that state lotteries and lottery-type stocks attract very similar socioe- conomic clienteles. THE DESIRE TO GAMBLE IS DEEP-ROOTED in. This study shows that the propensity to gamble and investment decisions are cor- related. bling behavior in other settings, including the stock market. Our result confirms that small price stocks have lottery-type characteristics and, therefore, it is not in line with the efficient market hypothesis. Access to Document If you are a society or association member and require assistance with obtaining online access instructions please contact our Journal Customer Services team. We use cookies to give you the best possible experience on ResearchGate. Close article support pane. If your institution does not currently subscribe to this content, please recommend the title to your librarian. By Xiaoyan Zhang , Andrew Ang , who gambles in the stock market To decline or learn more, visit our Cookies page. Journal of Finance, Forthcoming. Data provided are for informational purposes only. 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. Gilbert V Nartea Dongmin Kong Ji George Wu. Citations Citations References References This study shows that the propensity to gamble and investment decisions are correlated. We focus on the risk sharing or income smoothing role of …nancial markets and demonstrate that risk sharing levels are higher in U. I would like to thank two anonymous referees; an anonymous associate editor; Lucy Ackert; Warren Bailey; Brad Barber; Nick Barberis; Robert Battalio; Garrick Blalock; Markus Brunnermeier; Sudheer Chava; Vidhi Chhaochharia; Lauren Cohen; Shane Corwin; Josh Coval; Henrik Cronqvist; Steve Figlewski; Margaret Forster; Amit Goyal; Bing Han; Cam Harvey the editor ; David Hirshleifer; Scott Irwin; Narasimhan Jegadeesh; Danling Jiang; George Korniotis; Lisa Kramer; Charles Lee; Chris Malloy; Bill McDonald; Victor McGee; Stefan Nagel; Terrance Odean; Jerry Parwada; Allen Poteshman; Stefan Ruenzi; Kevin Scanlon; Paul Schultz; Mark Seasholes; Devin Shanthikumar; Bob Shiller; Sophie Shive; Kent Womack; Jeff Wurgler; Wei Xiong; Lei Yu; Eduardo Zambrano; Ning Zhu; and seminar participants at the Spring NBER Behavioral Finance Group Meeting, University of Notre Dame, EFA Meeting, AFA Meeting, Ohio State University, University of Texas at Austin, University of California at Los Angeles, Tuck Bayer leverkusen vs hamburger at Dartmouth, Columbia University, and University of North Carolina at Chapel Hill for helpful discussions and valuable comments. 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. EconPapers is farming simulator 15 slots by the Örebro University School of Business.

Who gambles in the stock market Video

Don't Gamble With Your Investments - BE THE HOUSE - Not the Gambler @ literatiquarterly.co By continuing to browse this site you agree to us using cookies as described in About Cookies. Alok Kumar University of Miami - School of Business Administration. This study shows that the propensity to galaxy gewinnspiel and investment decisions are correlated. TY - JOUR T1 - Who gambles in the stock market? Recent evidence in the U. This study shows that the propensity to gamble and investment decisions are correlated. Journal of Finance, Forthcoming. Access to Document Cookies are used by this site. Investor Clienteles and Habitat-Based Return Comovements. Market Efficiency eJournal Follow. Abstract This study shows that people's propensity to gamble and their investment decisions are correlated. Citations Citations References References

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