Investors Who 'Gamble' In The Stock Market Have Same Characteristics As Lottery Players
Saturday, February 28, 2009 - 13:14
in Mathematics & Economics
The socioeconomic characteristics of people who play state lotteries are similar to investors who pick stocks with a lottery quality -- high risk with a small potential for high return, and just like the lottery, returns on average are lower for those who invest this way in the stock market.