Who Gambles in the Stock Market? by Alok Kumar

Option theory meet portfolio selection. It fits the theory perfectly, even though I am less sure of some of the non economic aspects (for instance, why would Catholics be more likely to take chances), but it sure is an interesting paper that does fit with theory.Short version: the poor take bigger chances. (gee, Option theory would predict that perfectly!)SSRN-Who Gambles in the Stock Market? by