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Previous studies refer to individual investors as "dumb noise traders." We question this undifferentiated verdict by conducting an analysis of the cognitive competence of individual investors as assessed by experts. We let experts (researchers as well as experienced practitioners) assess the...
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Purpose – The purpose of this study is to question the undifferentiated treatment of individual traders as “dumb noise traders?”. We question this undifferentiated verdict by conducting an analysis of the cognitive competence of individual investors. Design/methodology/approach – The...
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