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Warin Itthiwanthayakul

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Investor demand and performance of lottery-like stocks: evidence from the Thai stock market

This study examines the relationship between stocks with lottery-like characteristics and trading activity and returns in the Thai stock market (SET and MAI, 2002–2025). Thailand is well-suited for this study, given its strong lottery culture and retail investors' 35–50% share of trading volume. Using the Lottery-Like...

Warin Itthiwanthayakul · 0 citations

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