The Lottery Mindset: Investors, Gambling and the Stock Market

Business & Finance, Finance & Investing, Finance, Investments & Securities
Cover of the book The Lottery Mindset: Investors, Gambling and the Stock Market by W. Fong, Palgrave Macmillan UK
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: W. Fong ISBN: 9781137381736
Publisher: Palgrave Macmillan UK Publication: December 7, 2014
Imprint: Palgrave Pivot Language: English
Author: W. Fong
ISBN: 9781137381736
Publisher: Palgrave Macmillan UK
Publication: December 7, 2014
Imprint: Palgrave Pivot
Language: English

Financial markets are growing in complexity, and there is an increased risk that investors are led to investment products and strategies they do not fully understand. The crisis-ridden decade of the 2000s is a stark reminder of how poorly managed finances can wreak havoc on household finances. Traditional finance assumes that all investors are risk-averse and require a risk premium from investing in risky assets such as stocks. However, recent developments in behavioural finance show that many individual investors often adopt strategies that lead to serious investment missteps, including over-investing in lottery-type stocks and securities. Lottery-type securities in fact attract investors who may be risk-seeking or are strongly influenced by cognitive biases ranging from overconfidence to being over-optimistic about future investment returns, especially during periods of high sentiment. Drawing on existing and new research, The Lottery Mindset summarizes the behavioural motivations and detrimental impact of investment strategies which are popular with individual investors. Wai-Mun Fong provides insight and guidance on behavioural biases, and successful investment. By both reviewing and contributing to exiting literature on this topic, this book will be of use to academics and general readers alike.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Financial markets are growing in complexity, and there is an increased risk that investors are led to investment products and strategies they do not fully understand. The crisis-ridden decade of the 2000s is a stark reminder of how poorly managed finances can wreak havoc on household finances. Traditional finance assumes that all investors are risk-averse and require a risk premium from investing in risky assets such as stocks. However, recent developments in behavioural finance show that many individual investors often adopt strategies that lead to serious investment missteps, including over-investing in lottery-type stocks and securities. Lottery-type securities in fact attract investors who may be risk-seeking or are strongly influenced by cognitive biases ranging from overconfidence to being over-optimistic about future investment returns, especially during periods of high sentiment. Drawing on existing and new research, The Lottery Mindset summarizes the behavioural motivations and detrimental impact of investment strategies which are popular with individual investors. Wai-Mun Fong provides insight and guidance on behavioural biases, and successful investment. By both reviewing and contributing to exiting literature on this topic, this book will be of use to academics and general readers alike.

More books from Palgrave Macmillan UK

Cover of the book Uncivil Engagement and Unruly Politics by W. Fong
Cover of the book The Arabic Influences on Early Modern Occult Philosophy by W. Fong
Cover of the book The Executive Guide to Enterprise Risk Management by W. Fong
Cover of the book Cinema, Pain and Pleasure by W. Fong
Cover of the book Relational Rituals and Communication by W. Fong
Cover of the book Exploring Contemporary Issues in Sexuality Education with Young People by W. Fong
Cover of the book New Formalist Criticism by W. Fong
Cover of the book 21st Century Perspectives on Music, Technology, and Culture by W. Fong
Cover of the book The News of the World and the British Press, 1843-2011 by W. Fong
Cover of the book Women and the Irish Nation by W. Fong
Cover of the book Policing and Security in Practice by W. Fong
Cover of the book Genre Trajectories by W. Fong
Cover of the book The Military Revolution in Early Modern Europe by W. Fong
Cover of the book Counselling and Psychotherapy after Domestic Violence by W. Fong
Cover of the book Literature after Postmodernism by W. Fong
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy