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  2. Market gamblers to blame? - News & insight - Cambridge Judge…

    https://www.jbs.cam.ac.uk/2019/market-gamblers-to-blame/
    Probability weighting under Cumulative Prospect Theory may seem bizarre at first, but it can explain a number of longstanding puzzles in finance and economics. ... Kumar, A. (2009) “Who gambles in the stock market?” Journal of Finance, 64: 1889-1933.

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