This paper investigates the relationship between subjective financial literacy, ie self-reported
by investors, and trading behavior. In particular, we use the level of financial knowledge and …

This paper examines how overconfidence in financial literacy, as measured by MiFID test
scores, impacts investors' trading behavior. Our theoretical model suggests that …

Using the advent of the MiFID regulation in Europe, we conduct a robust quasi-natural
experiment in a large sample of retail investors to analyze how some of them changed their …

La Directive sur les marchés d'instruments financiers (MiFID) a pour objectif de protéger les
investisseurs européens. Elle impose aux prestataires de services d'investissement de …

This article examines the gender gap in subjective financial literacy of retail clients of a large
commercial bank in Europe. Under the European regulatory context (MiFID), clients of banks …

This chapter takes a closer look at the implementation of the first compliance tool to measure
risk tolerance in the European Union—the MiFID suitability questionnaire. The literature …

Oggigiorno, la consulenza finanziaria assume una rilevanza tale per cui il ruolo del
consulente finanziario non si limita alla gestione tecnica degli investimenti e al …

We profile retail investors in passive exchange-traded funds (P-ETFs) using both trading
records and survey-based data on a large pool of individuals over nearly a decade. There is …