Construct · 1 fields · 1 citations

trading as gambling: a standalone construct

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Behavioral finance

retail stock trading that substitutes for lottery play, falling when large lottery jackpots draw gambling demand away from the market.

In behavioral finance, trading as gambling refers to retail stock trading that substitutes for lottery play, falling when large lottery jackpots draw gambling demand away from the market. This meaning comes from Dorn (2015) in Management Science.[1]

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Nearby constructs

demand4 fields · 4 citationsjingle · one word, four constructs market3 fields · 5 citationsjingle · one word, three constructs play4 fields · 6 citationsjingle · one word, four constructs

References

Dorn, A. J., Dorn, D., & Sengmueller, P. (2015). Trading as Gambling. Management Science, 61(10), 2376-2393. https://doi.org/10.1287/mnsc.2014.1979

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