* The Returns of Two Types of Investors; data returns; ret_a ret_b ----------------- 30.00 30.33 -2.13 -30.37 4.30 -5.61 25.00 29.00 12.89 -26.01 -20.24 0.46 1.20 2.07 -2.59 29.44 33.00 11.00 14.26 -25.93 -15.83 8.29 0.63 61.00 38.00 -20.44 6.93 -34.75 -13.24 54.19 -18.95 44.00 9.43 -20.23 1.21 4.16 31.76 10.03 11.07 10.51 8.47 39.04 36.08 24.76 -21.95 15.28 10.33 34.21 12.68 52.00 13.09 -32.17 13.77 30.31 22.42 6.06 34.40 14.73 49.87 36.13 22.92 1.53 20.95 17.61 43.71 1.20 -12.83 9.94 0.52 -33.39 61.00 58.67 -11.96 0.25 1.94 5.23 28.45 66.00 -8.55 24.30 -5.29 -10.01 -7.04 35.24 -12.11 40.70 12.89 22.18 63.00 3.24 -19.27 25.10 -9.22 -24.24 -17.00 -38.47 17.30 13.44 52.00 68.00