Time-Series of Aggregate Lottery Demand (IMAGE)

University of Texas at Austin, Texas Advanced Computing Center

Time-Series of Aggregate Lottery Demand

Caption

The plot shows the time-series of aggregate lottery demand. Aggregate lottery demand in any month t is measured as the equal-weighted (EWMAX) or value-weighted (VWMAX) average value of MAX across all stocks in the sample in month t.

Credit

Murray, Bali, Brown and Tang

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