individual investors

Description This study investigates the relation between trading patterns and performance in the TAIEX futures market. The research shows that individual investors are poor market timers and earn negative returns; institutional investors have success in timing the market and their trades make...

Description We find that individual investors who use technical analysis and trade options frequently make poor portfolio decisions, resulting in dramatically lower returns than other investors. The data on which this claim is based consists of transaction records and matched survey responses of...

Description The bulk of research in modern economics has been built on the notion that human beings are rational agents who attempt to maximize wealth while minimizing risk. These agents carefully assess the risk and return of all possible investment options to arrive at an investment portfolio...