Correlates of Gambling

Ana Brochado (), Margarida Abreu () and Victor Mendes
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Ana Brochado: Instituto Universitário de Lisboa (ISCTE-IUL), DINÂMIA''''CET
Margarida Abreu: ISEG-Universidade de Lisboa, UECE and REM

Economics Bulletin, 2020, vol. 40, issue 1, 456-462

Abstract: 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. (search for similar items in EconPapers)
JEL-codes: C1 G1 (search for similar items in EconPapers)
Date: 2020-02-10
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