Why Do Mutual Funds Hold Lottery Stocks?

lottery stocks
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lottery stocks ; skewness preference ; investor clientele ; investor attention ; fund performance ; risk shifting Full access Download PDF

While MAX measures the propensity for a stock to deliver lottery-like payoffs in the portfolio formation month, these stocks continue to exhibit this behavior

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lottery schools pricing of stocks in the Indian equity market This study aims to understand if investors in India have a preference for lottery-like stocks The existing