Menkhoff, Lukas; Schmeling, Maik; Schmidt, Ulrich - Universität <Hannover> / Wirtschaftswissenschaftliche … - 2009
Existing empirical evidence is inconclusive whether professional investors show moresophisticated behavior than individual investors. Therefore, we study two importantgroups of professional investors and compare them to laymen by way of a survey coveringabout 500 investors. We find that some...