The Gamblification of Investing: How a New Generation of Investors Is Being Born to Lose

International Journal of Environmental Research and Public Health

Leonardo Weiss-Cohen¹  Philip W. S. Newall² 

[1] Department of Psychology, Kingston University, London KT1 2EE, UK;School of Psychological Science, University of Bristol, Bristol BS8 1TU, UK;

关键词: trading;    gambling;    betting;    financial markets;    traders;   

DOI  :  10.3390/ijerph19095391

来源: DOAJ

【 摘 要 】

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.

【 授权许可】

Unknown