Topic: Lottery

Investors Who "Gamble" in the Stock Market Have Same Characteristics as Lottery Players, Study Shows

Feb. 26, 2009

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, research from The University of Texas at Austin shows.

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