University of South Australia study finds sunny weather increases investment in high-risk stocks due to positive moods.
A University of South Australia study links sunny weather to increased investment in high-risk, lottery-like stocks. Researchers discovered that on sunny days, investors are more likely to engage in these investments, influenced by optimistic expectations for future payoffs due to positive moods. The findings reveal weather's impact on investor decisions and financial markets.
June 03, 2024
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