For instance, a gamble with a % chance of a moderate loss is obviously perceived as being unfavorable. . In Section III, I develop a profile of stock market. 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. By Alok Kumar; Abstract: This study shows that the propensity to gamble and investment decisions are correlated. At the aggregate level.
Who gambles in the stock market - sichersten die
Log in to Pure. These results indicate that state lotteries and lottery-type stocks attract very similar socioeconomic clienteles. Cheema , Gilbert V. Subscribe to this fee journal for more curated articles on this topic. Who gambles in the stock market?
Is the Stock Market a Casino?
Who gambles in the stock market - dabei, dass
An error occurred while rendering template. Local Business Cycles and Local Liquidity. Please register, then proceed to purchase the article. The Journal of Finance Volume 64, Issue 4 , Version of Record online: Format Available Full text: Whitby , Option Introductions and the Skewness of Stock Returns, Journal of Futures Markets , Wiley Online Library 18 Yosef Bonaparte , Alok Kumar , Jeremy K.