Differences between an investor's return and the return of the US equity market

Identifier:  TFG:9916

Handle: https://hdl.handle.net/20.500.11797/TFG9916

Authors:  Carbonell Subirats, Adrià

Abstract:
This study analyzes the difference between the returns generated by the US equity market—represented by the S&P 500—and the average returns achieved by individual investors. After identifying this gap, the study examines its underlying causes, placing particular emphasis on behavioral finance and its impact on investors. Finally, it aims to draw clear conclusions and address the hypotheses previously proposed.