speculative investment strategies that resemble gambling. A concern is that trading as a form of gambling can become addictive for … evidence from a large emerging market, Thailand, where most forms of traditional gambling are illegal. We field a diagnostic … checklist from the American Psychiatric Association for compulsive gambling, changing the content of each item to refer to stock …

Considering the strong gambling preference of retail investors in emerging markets and using the data of Chinese A …-share listed companies from 2000 to 2018, this paper constructs an index of investor's gambling preference based on the theory of … explicit preference and develops a factor model to capture the risk premium of gambling by introducing gambling factors. The …