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 …

Using Internet search volume for lottery to capture gambling sentiment shifts, we show that when the overall gambling …-ownership firms, headquartered in regions where gambling is more acceptable and local bias is stronger. These results support the view … that gambling sentiment has a spillover effect on the stock market …

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

I discover that investors' preferences for gambling mainly involve stocks that have performed poorly in the past three …

Previous studies document a relationship between gambling 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 average to …

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 …