Ruben CoxAtcha KamolsareeratanaRoy KouwenbergErasmus University RotterdamMahidol University2020-01-272020-01-272020-02-01Journal of Banking and Finance. Vol.111, (2020)037842662-s2.0-85076144721https://repository.li.mahidol.ac.th/handle/123456789/49596© 2019 Elsevier B.V. This study shows that a group of individual investors in the financial markets displays symptoms of compulsive gambling, or an addiction to trading, based on a standard diagnostic checklist from the American Psychiatric Association. In a representative sample of Dutch retail investors, we find that 4.4% of the investors meet the criteria for compulsive gambling in the financial markets. Another 3.6% meet the criteria for problem gambling, which is a less severe form of gambling disorder. Investors with symptoms of compulsive gambling problems tend to follow a more active and speculative trading style, indicated by a higher frequency of stock trading, day-trading and investing in derivatives and leveraged products.Mahidol UniversityEconomics, Econometrics and FinanceArticleSCOPUS10.1016/j.jbankfin.2019.105709