Volume 5, Issue 2, Summer 2022, Page 22 - 33
Author(s) :
Nastaran Shahvari *1
1 Shariaty Technical and Vocational College, Iran

Abstract :
This study examines whether problem gambling and behavioral financial cognitive biases can help explain frequent trading in a sample of active investors, suggesting that frequent trading is partly driven by a behavioral addiction to gambling-like activities. of 400 people (M=280, F=120) who reported trading at least once a month. We examined whether gambling and problem gambling were reliable predictors of reported trading intensity. Results showed that rates of gambling and problem gambling were highest among those who reported that stock trading activities were significantly related to measures of stock trading intensity based on time spent per day, the number of transactions, and the amount of money spent. Future research should examine whether gambling history and participation affect how people manage their stock market investments, including their propensity to make riskier decisions and experience more negative outcomes. So far, the relationship between structural characteristics and behavior in an Iranian stock market environment has not been explored. The present study examined the association between structural characteristics and stock market behavior in an environmentally responsible context, using data from real traders. This study supports the hypothesis that behavioral addiction to gambling-like activities is associated with frequent trading of the stock market.

Keywords :
Behavioral finance, Gambling, Stock market.

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Receive Date
29 Apr 2022
Revise Date
11 May 2022
Accept Date
24 May 2022