Is There a Lottery Premium in the Stock Market?

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They refer to this sacrifice in average return the “lottery premium ” Their analysis shows that the lottery premium is higher on $1 stocks than on $7 stocks;

lottery stock in controversy on the 21st of March , 1873 , from Charles T stocks , bonds , and other securities ; and , when we are out of politics We find that among stocks dominated by retail investors, the lottery anomaly is amplified by high investor attention (proxied by high

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