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optimization. The precision parameter of the prior on the expected asset returns reflects the confidence of the investor in the … confidence in order to deduce reasonable values of the precision parameter. We recommend that the investor concentrates on the … parameter. In the second part of the paper, the impact of the investor's confidence on the performance of investment strategies …
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Individual investors that are also natural persons play an important role in the stock market as providers of liquidity, and it is their investment performance that directly influences their rate of survival in the market. As to whether the outcome of their operating performance is due to their...
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