23 Pages Posted: 29 Jul 2001
The behavior of stock traders and lottery buyers teaches us about our common aspirations, thoughts and emotions. That behavior also helps us answer the many questions of finance such as the construction of portfolios and the nature of equity premium.
Keywords: Gambling, lotteries, Behavioral Finance, Trading, Cognitive Biases, Emotions, Aspirations
JEL Classification: G, G14
Suggested Citation: Suggested Citation