Lottery Traders

Author: Meir Statman

The behavior of stock traders and lottery buyers teaches us about our common aspirations, thoughts and emotions. That behavior also helps us answer the many questions of finance such as the construction of portfolios and the nature of equity premium.



Statman, Meir, Lottery Traders. Available at SSRN: https://ssrn.com/abstract=277158 or http://dx.doi.org/10.2139/ssrn.277158
Source: https://papers.ssrn.com/sol3/papers.cfm?abstr...

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