Lottery Traders
23 Pages Posted: 29 Jul 2001
There are 2 versions of this paper
Lottery Traders
Abstract
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
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors
By Brad M. Barber and Terrance Odean
-
Volume, Volatility, Price, and Profit When All Traders are Above Average
-
The Common Stock Investment Performance of Individual Investors
By Brad M. Barber and Terrance Odean
-
Boys Will Be Boys: Gender, Overconfidence, and Common Stock Investment
By Brad M. Barber and Terrance Odean
-
By Brad M. Barber and Terrance Odean
-
By Simon Gervais and Terrance Odean
-
By Mark Grinblatt and Matti Keloharju