Trading as Entertainment?

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Dorn, D.; Sengmuller, P.;
  • Journal: Management Science, volume 55, issue 4 April, pages 591-603
  • Identifiers: doi: 10.1287/mnsc.1080.0962
  • Subject: investor decision making, trading volume

Among 1,000 German brokerage clients for whom both survey responses and actual trading records are available, investors who report enjoying investing or gambling turn over their portfolio at twice the rate of their peers. Including entertainment attributes as additional... View more
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