The Gamblification of Investing: How a New Generation of Investors Is Being Born to Lose
International Journal of Environmental Research and Public Health
; 19(9):5391, 2022.
Article
in English
| ProQuest Central | ID: covidwho-1837616
ABSTRACT
Investing and gambling share key features, in that both involve risk, the coming together of two or more people, and both are voluntary activities. However, investing is generally a much better way than gambling for the average person to make long-run profits. This paper reviews evidence on two types of “gamblified” investment products where this advantage does not hold for investing high-frequency stock trading and high-risk derivatives. This review defines a gamblified investment product as one that leads most investors to lose, that attracts people at risk of experiencing gambling-related harm, and that utilizes product design principles from gambling (either by encouraging a high frequency of use or by providing the allure of big lottery-like wins). The gamblification of investing produces novel challenges for the regulation of both financial markets and gambling.
Sciences: Comprehensive Works; trading; gambling; betting; financial markets; traders; Stock exchanges; Behavior; Gambling industry; Efficient markets; Online gambling; Investments; Hypotheses; Product design; Index funds; Securities markets; Pandemics; Profits; Behavioral economics; Prices; Economists; Risk; Profitability; COVID-19
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Collection:
Databases of international organizations
Database:
ProQuest Central
Language:
English
Journal:
International Journal of Environmental Research and Public Health
Year:
2022
Document Type:
Article
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