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Correlates of Gambling

Author

Listed:
  • Ana Brochado

    (Instituto Universitário de Lisboa (ISCTE-IUL), DINÂMIA''''CET)

  • Margarida Abreu

    (ISEG-Universidade de Lisboa, UECE and REM)

  • Victor Mendes

    (CMVM-Portuguese Securities Commission and CEFAGE-UE)

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.

Suggested Citation

  • Ana Brochado & Margarida Abreu & Victor Mendes, 2020. "Correlates of Gambling," Economics Bulletin, AccessEcon, vol. 40(1), pages 456-462.
    • Handle: RePEc:ebl:ecbull:eb-20-00096
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2020/Volume40/EB-20-V40-I1-P39.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    behavioral finance; gambling; state lottery; multiple correspondence analysis.;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General

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