... coverage probability. In addition, their study finds that the coverage can be significantly lower at large sample sizes, and in an unpredictable and random way. Thus, our study contributes to the existing literature on performance persistence through improved econometric testing. D83 G12 G14...

... and sociability and introduces the hypotheses. Section 3 presents the survey and administrative data. Section 4 presents the results. Section 5 concludes the paper. Trust Sociability Individual investors Portfolio return Financial decisions D14 D83 G11 There is a growing...

..., and by Bodnaruk and Simonov (2015) , who study sophistication by focusing on financial experts. Expectations Risk D14 D81 D83 D84 G02 Although sophistication is important when understanding individuals’ financial decisions, less is known about the underlying mechanisms (e.g. expectations...