Keywords: Lottery-type stocks
Close
Follow your search
Access your saved searches in your account

Would you like to receive an alert when new items match your search?
Close Modal
Sort by
Journal Articles
Journal of Derivatives and Quantitative Studies: Seonmul yeon’gu (2021) 29 (1): 29–48.
Published: 22 March 2021
... with no daily winners or losers experience do not exhibit the MAX negative premium. In this paper, we provide evidence that investors’ preferences for lottery-type stocks is an important explanatory factor in the negative premium of the extreme returns. However, there is no evidence that the MAX effect...

or Create an Account

Close subscription notice
Close access options