{"id":77958,"date":"2026-06-04T17:57:36","date_gmt":"2026-06-04T14:57:36","guid":{"rendered":"https:\/\/www.uol.ac.cy\/?p=77958"},"modified":"2026-06-04T17:57:44","modified_gmt":"2026-06-04T14:57:44","slug":"the-sober-outlook-of-proficient-investors-characterizing-competence-through-canonical-correlation-analysis","status":"publish","type":"post","link":"https:\/\/www.uol.ac.cy\/en\/the-sober-outlook-of-proficient-investors-characterizing-competence-through-canonical-correlation-analysis\/","title":{"rendered":"The sober outlook of proficient investors\u2013Characterizing competence through canonical correlation analysis.\u00a0"},"content":{"rendered":"\n<style>\n.uol-publication-card {\n  background: #f4f1fb;\n  border-left: 4px solid #5b3aa4;\n  border-radius: 0 14px 14px 0;\n  padding: 24px 28px;\n  box-shadow: 0 10px 25px rgba(0,0,0,0.06);\n  margin-bottom: 24px;\n}\n.uol-publication-card h3 {\n  margin: 0 0 16px 0;\n  font-size: 22px;\n  font-weight: 700;\n  color: #111;\n}\n.uol-publication-card p {\n  margin: 0 0 16px 0;\n  font-size: 17px;\n  line-height: 1.6;\n  color: #111;\n}\n.uol-publication-btn {\n  display: inline-block;\n  background: #00b6c9;\n  color: #fff;\n  padding: 11px 22px;\n  border-radius: 6px;\n  text-decoration: none;\n  font-weight: 600;\n}\n.uol-publication-btn:hover {\n  background: #5b3aa4;\n  color: #fff;\n}\n<\/style>\n\n<div class=\"uol-publication-card\">\n  \n\n  <p><strong>Abstract<\/strong><br>\n  The identification of competence in financial decision is complicated by endogeneity concerns, and the problem aggravates in experimental studies controlling for expectations and confidence. This paper promotes the use of Canonical Correlation Analysis to characterize competence, circumventing all endogeneity obstacles. CCA is applied to extract the competence index (CMPT) that exhibits the strongest predictive power for the performance of 141 Swedish investors in framed-field prediction\/trading tasks.<\/p>\n\n  <p><strong>References<\/strong><br>\n  Sonsino, D., Michaelsen, P., G\u00e4rling, T., &amp; Jansson, M. (2026). The sober outlook of proficient investors\u2013Characterizing competence through canonical correlation analysis. <em>Journal of Economic Psychology<\/em>, 102876.<\/p>\n\n  <a class=\"uol-publication-btn\" href=\"https:\/\/doi.org\/10.1016\/j.joep.2025.102876\" target=\"_blank\" rel=\"noopener\">View Publication \u2192<\/a>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Abstract The identification of competence in financial decision is complicated by endogeneity concerns, and the problem aggravates in experimental studies controlling for expectations and confidence. This paper promotes the use of Canonical Correlation Analysis to characterize competence, circumventing all endogeneity obstacles. CCA is applied to extract the competence index (CMPT) that exhibits the strongest predictive [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":77948,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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The identification of competence in financial decision is complicated by endogeneity concerns, and the problem aggravates in experimental studies controlling for expectations and confidence. This paper promotes the use of Canonical Correlation Analysis to characterize competence, circumventing all endogeneity obstacles. CCA is applied to extract the competence index (CMPT) that exhibits the strongest predictive&hellip;","jetpack_shortlink":"https:\/\/wp.me\/peAODB-kho","publishpress_future_action":{"enabled":false,"date":"2026-06-14 16:49:19","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.uol.ac.cy\/en\/wp-json\/wp\/v2\/posts\/77958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uol.ac.cy\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uol.ac.cy\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uol.ac.cy\/en\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uol.ac.cy\/en\/wp-json\/wp\/v2\/comments?post=77958"}],"version-history":[{"count":0,"href":"https:\/\/www.uol.ac.cy\/en\/wp-json\/wp\/v2\/posts\/77958\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uol.ac.cy\/en\/wp-json\/wp\/v2\/media\/77948"}],"wp:attachment":[{"href":"https:\/\/www.uol.ac.cy\/en\/wp-json\/wp\/v2\/media?parent=77958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uol.ac.cy\/en\/wp-json\/wp\/v2\/categories?post=77958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uol.ac.cy\/en\/wp-json\/wp\/v2\/tags?post=77958"},{"taxonomy":"publication_author","embeddable":true,"href":"https:\/\/www.uol.ac.cy\/en\/wp-json\/wp\/v2\/publication_author?post=77958"},{"taxonomy":"publication_year","embeddable":true,"href":"https:\/\/www.uol.ac.cy\/en\/wp-json\/wp\/v2\/publication_year?post=77958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}