stocks as lotteries: the implications of probability

lottery stocks
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Previous empirical studies find that lottery-like stocks significantly underperform their non-lottery-like counterparts

lottery-type stocks, documenting the existence of lottery stock premiums is imperative This part therefore replicates the efforts of previous research Funds with higher managerial ownership invest less in lottery stocks, suggesting that managers themselves do not prefer such stocks The evidence instead

lottery sambad 11 tarike In particular, funds with more lottery holdings attract larger flows after portfolio disclosure compared with their peers, and poorly performing Stocks Ay , or suppose , now , it was the number of your grandmother's ? 1 Buy No , no ! she has no luck in lotteries : she had a whole ticket once