Similar Search Results

Stock Loan Lotteries and Individual Investment Performance

Moore, Jordan - 2017

Individual investors trade excessively, sell winners too soon, and overweight stocks with lottery features and low expected returns. This paper models a financial innovation to address these biases and improve individual investor performance. Individual investors pledge shares of stock to an...

Persistent link: https://www.econbiz.de/10012965366

Stock loan lotteries and individual investor performance

Moore, Jordan - 2017

Individual investors trade excessively, sell winners too soon, and overweight stocks with lottery features and low expected returns. This paper proposes and models a financial innovation, called stock loan lotteries, that improves individual investor performance. An individual investor signs a...

Persistent link: https://www.econbiz.de/10011800598

Tracking Investor Gambling Intensity

Zhu, Hongbing; yang, lihua - 2023

We provide a simple method to track firm-specific investor gambling intensity based on the publicly available … decision of an investor with gambling preference. We document that investor gambling intensity is strongly persistent and … gambling intensity underperform stocks with low aggregate gambling intensity by approximately 117 basis points over the …

Persistent link: https://www.econbiz.de/10014255158

Individual investor activity and performance

Dahlquist, Magnus; Martinez, José Vincente; … - 2014 - This version: March 2014

We examine the daily activity and performance of a large panel of individual investors in Sweden's Premium Pension System. We find that active investors earn higher returns and risk-adjusted returns than inactive investors. A performance decomposition analysis reveals that most of the...

Persistent link: https://www.econbiz.de/10010410816

Individual Investor Activity and Performance

Dahlquist, Magnus - 2016

We examine the daily activity and performance of a large panel of individual investors in Sweden's Premium Pension System. We find that active investors earn significantly higher returns and risk-adjusted returns than inactive investors. A performance decomposition analysis reveals that most of...

Persistent link: https://www.econbiz.de/10013008250

Individual Investor Activity and Performance

Dahlquist, Magnus - 2016

We examine the daily activity and performance of a large panel of individual investors in Sweden's Premium Pension System in the period 2000 to 2010. We find that active investors outperform passive investors, and that there is a causal effect of fund changes on performance. Chosen funds...

Persistent link: https://www.econbiz.de/10013008401

Individual Investor Activity and Performance

Dahlquist, Magnus - 2016

Persistent link: https://www.econbiz.de/10013008454

Sports Betting As a New Asset Class : Can a Sports Trader Beat Hedge Fund Managers from 2010-2016?

Thukral, Lovjit - 2016

The authors investigate whether sports traders who systematically invest in sports betting strategies can outperform hedge fund managers and the S&P 500 from 1st January 2010 to 7th January 2016. The authors take a simple betting strategy based on Horse races in the UK and invest consistently on...

Persistent link: https://www.econbiz.de/10012989090

Do gamblers invest in lottery stocks?

Kormanyos, Emily; Hanspal, Tobin; Hackethal, Andreas - 2022

Previous studies document a relationship between gambling activity at the aggregate level and investments in securities … with lottery-like features. We combine data on individual gambling consumption with portfolio holdings and trading records … to examine whether gambling and trading act as substitutes or complements. We find that gamblers are more likely than the …

Persistent link: https://www.econbiz.de/10014088375

Limited Attention and Portfolio Choice : The Impact of Attention Allocation on Mutual Fund Performance

Gupta-Mukherjee, Swasti - 2016

This study proposes that the performance of mutual fund managers is linked to how efficiently they allocate attention across assets in their investment set. Motivated by existing models of optimal portfolio choice and rational inattention, we posit that the efficiency of attention allocation...

Persistent link: https://www.econbiz.de/10013008200

1
2
3
4
5
6
7
8
9
10
Next
Last