The gamblification of investing: how a new generation of investors is being born to lose

HIGHLIGHTS

SUMMARY

    Lotteries are perhaps the most well-known gambling product selling hope in this way, but this feature has also been adopted by other gambling products, including electronic gambling machines and sports betting products. This review argues that a recent trend toward "gamblified" investment products is a new way for financial intermediaries to profit at the expense of personal investors. A gamblified investment product is here defined as one that leads most investors to lose, that attracts people at risk of experiencing gamblingrelated harm, and that utilizes product design principles from gambling. One of the . . .

     

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