A John Hopkins Ph.D. has conducted a study of so-called ‘vice’ stocks, to examine the volatility in their share prices during periods of economic downturn. Compared to stocks in alcohol, tobacco and sex-industry companies, gambling stocks were more negatively affected by financial upheaval, suggesting that people found it much easier to reduce their gambling expenditures when their financial situation warranted such a cutback — unlike ciggies, booze and porn, the consumption of which proved far more difficult habits to break. So how come nutty professor Kindt isn’t out pimping a ‘puff that butt and lose your hut’ meme? Read more.
Ph.D. study claims gambling is least addictive ‘vice’
