How Do Financial Market Outcomes Affect Gambling?

A large literature in behavioral finance explores how gambling sentiments influences trading in stocks. This paper considers the reverse phenomena; the impact of financial market outcomes on aggregate gambling expenditures. We expect the wealth effect of higher realized stock returns will increase g...

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Veröffentlicht in:	Journal of risk and financial management 2023-06, Vol.16 (6), p.294
Hauptverfasser:	Ramezani, Cyrus A., Ahern, James J.
Format:	Artikel
Sprache:	eng
Schlagworte:	Business cycles Consumption Equity Expenditures Gambling industry Horse racing Investments Legalized gambling Market entry Racetracks Securities markets Sports betting Stock exchanges Stock markets Volatility
Online-Zugang:	Volltext
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