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Ana Brochado, Margarida Abreu and Victor Mendes
 
''Correlates of Gambling''
( 2020, Vol. 40 No.1 )
 
 
This study's main objective was to identify which of gamblers' demographic, geographic and socioeconomic characteristics correlate with more frequent lottery playing and stock market trading. The data were collected from two unrelated cross-sectional samples of equity investors and lottery players from a European country. Based on a multiple correspondence analysis of both samples, higher levels of spending on central state lotteries and stocks with lottery features were found to be associated with individuals who have similar socioeconomic characteristics.
 
 
Keywords: behavioral finance; gambling; state lottery; multiple correspondence analysis.
JEL: G1 - (G11, G13, G13) Portfolios, Investments, Asset and Futures Pricing, Trading Volume & Bond Interest Rates
C1 - Econometric and Statistical Methods: General
 
Manuscript Received : Feb 06 2020 Manuscript Accepted : Feb 10 2020

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