We document a rapid increase in retail trading in options in the United States. Facilitated by
payment for order flow (PFOF) from wholesalers executing retail orders, retail trading …

Investing and gambling share key features, in that both involve risk, the coming together of
two or more people, and both are voluntary activities. However, investing is generally a …

Combining monthly survey data with matching trading records, we examine how individual
investor perceptions change and drive trading and risk-taking behavior during the 2008 …

This article explores the impact of the COVID-19 lockdown in Belgium on the financial
behavior of individual investors. Specifically, the article is the first to examine whether …

Recent work in behavioral finance showed how investors' perceptions (ie, return
expectations, risk tolerance, and risk perception) affect hypothetical trading and risk-taking …

This paper investigates whether financial advisers add value to individual investors' portfolio
decisions by comparing portfolios of advised and self‐directed (execution‐only) Dutch …

Guided by the Gervais and Odean (2001) overconfident trading hypothesis, we
comprehensively investigate the trading behavior of individual vs. institutional investors in …

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 …

Using data from the Shanghai Stock Exchange 50 exchange-traded fund (SSE 50 ETF)
options, we examine the impact of economic policy uncertainty (EPU) on options market …

Stocks of German renewable energy companies have commonly been regarded as lucrative
investment opportunities. Their innovative line of business initially seemed to promise …