This study shows that people's propensity to gamble and their investment decisions At an aggregate level, individual investors prefer stocks wi. 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. 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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Subscribe to this fee journal for more curated articles on this topic. This study shows that the propensity to gamble and investment decisions are correlated. You can purchase online access to this Article for a hour period price varies by title If you already have a Wiley Online Library or Wiley InterScience user account: No, follow the investment rulebook. EconPapers Home About EconPapers Working Papers Journal Articles Books and Chapters Software Components Authors JEL codes New Economics Papers Advanced Search EconPapers FAQ Archive maintainers FAQ Cookies at EconPapers Format for printing The RePEc blog The RePEc plagiarism page. Gambling Stock market Individual investors Lottery investment levels Investment decisions Lottery-type stocks. AFA Boston Meetings Paper. Local Business Cycles and Local Liquidity. Journal of Finance, Forthcoming. He points out that stockmarket investing drifts in lotto tippschein kosten out of fashion with different generations, and that the public's appetite for shares investing is often influenced by huge losses or gains. Now it's down by 7pc," he said. Cookies are used by this site. Download this Paper Open PDF in Browser. By George Korniotis and Alok Kumar Gambling and Comovement By Alok KumarJeremy Page , These results indicate that state lotteries and lottery-type stocks attract very similar socioeconomic clienteles. Submit a Paper Section Text Only Pages. It is not the same as gambling. Their share prices may fall for a bit, but generally they will rise again over a longer period of time. Go to old article view Advertisement. So he is careful to pick a range of companies, including those paying dividends. Who gambles in the stock market?