Del Guercio and Reuter (2014) Find

question 32

Multiple Choice

Del Guercio and Reuter (2014) find

• A) direct -purchase mutual fund investors outperform those who purchase through brokers.
• B) broker -purchase mutual fund investors outperform those who direct purchase directly.
• C) both types of investors did as well or better than index funds.
• D) both types of investors underperformed index funds.

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Definitions:

Individualist

A person who prioritizes personal goals over group goals, emphasizing independence and self-reliance.

Zajonc's Drive Theory

A psychological theory suggesting the presence of others (an audience) increases arousal, which can enhance the performance of well-learned tasks but impede the performance on complex or new tasks.

Social Facilitation

The phenomenon whereby an individual's performance improves when they are in the presence of others, typically due to increased arousal.

Dominant Response

The reaction or behavior that is most likely to be displayed by an individual in a given situation under pressure or stress.