Blar i NHH Brage på emneord "Wealth constraints"
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Retail investors’ preferences for lottery stocks : Are retail investors overinvesting in lottery-type stocks due to wealth constraints? (Master thesis, 2020)We find that retail investors on aggregate are less attracted to stocks with highly skewed returns after an exogenous increase in stock tradability. Using data on the number of Robinhood investors owning U.S. stocks, we ...