Similarly, within the gambling field, population surveys of gambling participation sometimes include questions about high-risk stocks, speculative investments, and/or day trading in addition to traditional forms of gambling ( Williams, Volberg, & Stevens, 2012 Williams, Volberg, Stevens, Williams, & Arthur, 2016).Īlthough financial market activity and gambling both entail financial risk, most people tend to regard these things as fundamentally different. Within the financial sector, it is common to identify certain stock market activities as gambling-like (e.g., Boyer & Vorkink, 2014 Dorn, Dorn, & Sengmueller, 2012 Hazen, 1991 Kumar, 2009 Skeel, 2009).
The relationship between financial market activity and gambling has been debated for quite some time (e.g., Dewey, 1905 Lapp, 1909 MacDougall, 1936 McMath, 1921 Proctor, 1887).
