The paper provides a critical review of empirical findings on the performance of mutual
funds, mainly for the US and UK. Ex‐post, there are around 0‐5% of top performing UK and …

Records of over half a million participants in more than 600 401 (k) plans indicate that
participants tend to allocate their contributions evenly across the funds they use, with the …

U-statistics represent a fundamental class of statistics from modeling quantities of interest
defined by multi-subject responses. U-statistics generalize the empirical mean of a random …

U-statistics represent a fundamental class of statistics arising from modeling quantities of
interest defined by multi-subject responses. U-statistics generalize the empirical mean of a …

U-statistics represent a fundamental class of statistics arising from modeling quantities of
interest defined by multi-subject responses. U-statistics generalize the empirical mean of a …

In recent years, the direction has turned to non-stationary time series. Here the situation is
more complicated: it is often unclear how to set down a meaningful asymptotic for non …

How do individuals value noisy information that guides economic decisions? In our
laboratory experiment, we find that individuals underreact to increasing the informativeness …

Stute presented the so-called conditional U-statistics generalizing the Nadaraya–Watson
estimates of the regression function. Stute demonstrated their pointwise consistency and the …

We explore an exchangeably weighted bootstrap of the general function-indexed empirical
U-processes in the Markov setting, which is a natural higher-order generalization of the …

ABSTRACT W. Stute [(1991), Annals of Probability, 19, 812–825] introduced a class of so-
called conditional U-statistics, which may be viewed as a generalisation of the Nadaraya …