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According to Kumar (2009, Who gambles in the stock market?, Journal of Finance), what are the three characteristics of lottery-type stocks? a. High idiosyncratic volatility,
According to Kumar (2009, "Who gambles in the stock market?", Journal of Finance), what are the three characteristics of lottery-type stocks? a. High idiosyncratic volatility, high idiosyncratic skewness and low price b. High systematic volatility, high idiosyncratic skewness and low price c. High idiosyncratic volatility, high idiosyncratic skewness and high price d. High idiosyncratic volatility, high idiosyncratic kurtosis and low price e. None of the above
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Principles of Economics
Authors: Robert Frank, Ben Bernanke
5th edition
73511404, 978-0073511405
