Revue Finance & marchés
Volume 9, Numéro 1, Pages 72-88
2022-03-21

Speculation Versus Gambling In The Stock Exchange / Comparative Study Based On Econometric Model.

Authors : Marfia Tayeb .

Abstract

This study based on econometric comparative model for the speculative dealers' behaviour where they act as gamblers sometimes. The study subjects observed into treated and control group. The first represented the dealers' behaviours. And, the control group represented the price fluctuations. Then, we formulated the model: Stock exchange's Price fluctuations = f (speculation, gambling), and we estimated its coefficients and validity via the MLR analysis using ANOVA. We found, the most important factor which must be monitored despite its slight and limited effect on the price fluctuations is Speculation.

Keywords

Stock exchange ; Speculation ; Gambling ; Price fluctuations ; Econometric model