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An Analysis of Self-Identified Speculative Investors

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About the Course

One of the possible psychological explanations that has been put forth for more speculative marketplace behavior is that it may be gambling. Although assumptions have been made by some that aggressive trading may be a form of gambling for some traders and that speculative investing can be treated as another gambling activity, little research has been carried out on the relationship between gambling and investing. In this study, the authors examine the prevalence of speculative investing and its relationship to gambling and problem gambling.

This course is based on the reading-based online article, An Analysis of Self-Identified Speculative Investors created by Harold Wynne, Richard J. Govoni, and Robert E. Mann


Journal of Gambling Issues

Publication Date:

July 2004, Issue 11

Course Material Authors

Course Material Authors authored the material only, and were not involved in creating this CE course. They are identified here for your own evaluation of the relevancy of the material this course is based on.

Harold Wynne

Dr. Harold Wynne is a Canadian educator and researcher who has planned and implemented hundreds of social development and adult education programs. He has conducted many provincial and national problem gambling research studies and continues to advise Canadian and international governments, agencies, research organizations, and industry on gambling policy and programs. Dr. Wynne continues to lecture, and holds appointments at numerous universities and research organizations including the University of Alberta, McGill University, Canadian Centre on Substance Abuse, and the Institute for Research on Pathological Gambling and Related Disorders, Harvard Medical School.

Richard J. Govoni

At the time of this research, Richard Govoni, Ph.D., was a post-doctoral fellow in the department of public health sciences, University of Toronto. He is a director of the Problem Gambling Research Group and assistant professor (adjunct) at the University of Windsor. During the last five years he has developed and managed three major surveys that tracked the effects of increased gambling availability on gambling behavior in the Windsor community. He has an interest in community-based research and in research with seniors.

Robert E. Mann

Robert Mann is a senior scientist at the Centre for Addiction and Mental Health and associate professor in the department of public health sciences at the University of Toronto. His research in recent years has focused on impaired driving and the impact of prevention and treatment activities. He also has research interests in health psychology and social epidemiology, particularly as they apply to alcohol and drug problems.

Course Creator

Dan Rebek, Ph.D.

Recommended For:

This course is recommended for health care professionals, especially addiction counselors, psychologists, mental health counselors, social workers, and nurses who seek knowledge about gambling among speculative investors. It is appropriate for all levels of participants' knowledge.

Course Objectives:

After taking this course, you should be able to:

  1. Discuss the field of behavioral finance and ways in which speculative investing may be considered to be gambling.
  2. Explain the methodology of the reported study, including the definition of gamblers and speculative investors, the weighting of results, and the survey instrument used.
  3. Describe study results, including prevalance rates and ways in which speculative investors who are gamblers differ from other gamblers.

Disclosure to Learners

Disclosure of Relevant Financial Relationships

CE Learning Systems adheres to the ACCME's Standards for Integrity and Independence in Accredited Continuing Medical Education. Any individuals in a position to control the content of a CE activity – including faculty, planners, reviewers, or others ― are required to disclose all relevant financial relationships with ineligible entities (formerly known as commercial interests).

The following relevant financial relationships have been disclosed by this activity's planners, faculty, and the reviewer:

Planners and Reviewers

The planners of this activity have reported that they have no relevant financial relationships.

Commercial support

There is no commercial support for this distance-learning course.

Exam Questions

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Course Retired
Course Number 101441
  • 1 CE credit hour
  • NBCC: 0.75 CE credit hours

  • Reading-Based Online
Exam Fee $5.97
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