This study shows that a group of individual investors in the financial markets displays symptoms of compulsive gambling … representative sample of Dutch retail investors, we find that 4.4% of the investors meet the criteria for compulsive gambling in the … financial markets. Another 3.6% meet the criteria for problem gambling, which is a less severe form of gambling disorder …

the wealth effect of higher realized returns will increase gambling (enter-tainment good), but also attract gamblers to … (thrill and skewed payouts), butalso curtail gambling in response to growing economic uncertainty. Utilizing a novel horse wa … corporate bond spreads as a proxy for business cycles, we find gam-bling expenditures rise during recessions. Price of wagering …

expected return gambling market questions standard explanations for the effect (belief in mean reversion, prospect theory). It …

This paper examines how gambling-motivated trading affects aggregate financial market outcomes. Using a unique global … gambling data set covering 39 countries, we show that the dollar volume of stock market gambling is at least 3.5 times the … combined volume of “traditional” gambling outlets such as casinos and lotteries. The two forms of gambling are positively …

turnovers and lower investment returns if they have higher gambling preferences. Besides, this effect becomes stronger in … exciting gambling activity. Overall, our evidence suggests that religious beliefs influence individual investors trading …