This study shows that the propensity to gamble and investment decisions are correlated. At the aggregate level, individual investors prefer stocks with lottery. In the paper, " Who Gambles in the Stock Market?" Alok Kumar, assistant professor of finance at the McCombs School of Business at The. Place of publication, London, Eng. Publication date, ISSN, Keyword(s), Gambling · Stock market · Individual investors.
Alok Kumar is at the McCombs School of Business, University of Texas at Austin. View all citations. Journal of Finance, Forthcoming. By Alok Kumar , Jeremy Page , Download this Paper Open PDF in Browser. Blau , Ryan J. To decline or learn more, visit our Cookies page. The basic function of the market — where investors provide money, for a return, to businesses needing capital — is easily forgotten, he says. You are currently viewing this paper. But hold on — isn't buying shares akin to a day at the races? Who Gambles in the Stock Market? Can those interested in trying the stock market be reassured that it's a better way to build wealth than investing in miserly savings accounts?
Who gambles in the stock market Video