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Journal of Gambling Studies
Published in: Journal of Gambling Studies 3/2017

01-09-2017 | Original Paper

Day Traders in South Australia: Similarities and Differences with Traditional Gamblers

Authors: Jennifer N. Arthur, Paul Delfabbro

Published in: Journal of Gambling Studies | Issue 3/2017

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Abstract

The present study investigated the relationship between engaging in day trading and engaging in traditional forms of gambling in South Australia. Consistent with a previous study on this issue, it would appear that most individuals who engage in day trading are heavily involved traditional gamblers who include day trading in their repertoire of activities. They differ somewhat from most gamblers in their strong preference for skill-based types of gambling, their higher overall involvement in gambling, and their higher rates of problem gambling. They also have some demographic differences, in particular, being older and having higher incomes. The present findings provide further evidence that not only do certain types of financial speculation bear some conceptual similarity to gambling, they also appear to be empirically related.
Footnotes
1
One of the difficulties in doing this concerns how to efficiently describe ‘speculative trading’ so as to capture all of the products and activities that might fit in this category. Another issue is the need to ascertain how these speculative financial instruments are being used, so as to distinguish sophisticated financial management from more purely speculative gambling.
 
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Metadata
Title
Day Traders in South Australia: Similarities and Differences with Traditional Gamblers
Authors
Jennifer N. Arthur
Paul Delfabbro
Publication date
01-09-2017
Publisher
Springer US
Published in
Journal of Gambling Studies / Issue 3/2017
Electronic ISSN: 1573-3602
DOI
https://doi.org/10.1007/s10899-016-9659-x

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