Professor conducting research on investment strategies

Hi, I’m Dr. Daniel Walters, a professor at INSEAD studying investor decision making. Here’s my faculty website: and LinkedIn:

I’m hoping to find investors to participate in a study about investment strategies. The purpose of the study is to examine how new investment strategies can improve returns. I can’t share the exact hypothesis as that might invalidate the study, but all participants can receive a full debrief as well as be sent the findings of the study when data collection concludes. If you are selected to participate in the study, you will be given a $500 portfolio of stock investments which you will be allowed to trade for 3 months. At the conclusion of 3 months, you will receive the full value of your investment portfolio.

The requirements to participate in the study are that you

  1. had at least $1,000 in stock market investments in 2018;
  2. owned at least 2 stocks in 2018, and;
  3. have access to the returns of your investments for 2018.

If you meet these requirements and would be willing to participate, please complete this 3-minute survey with 10 questions:

This research is being conducted for academic purposes and all participation is anonymous.

Thank you for your help in this research!

Daniel Walters, PhD

Are you looking for retail or professional investors?

Thank you for your question! We are looking for individual retail investors to respond about their personal investment, but if you work as an investment professional, that’s fine too.


Daniel Walters

Do they need to be stocks or are ETFs ok as well?

I am not sure how 2018 performance would be relevant for a study that implies 3 months observation as for a short duration there will definitely be other strategy parameters. Secondly, I believe that this is about trading strategies and not investment strategies, taking into consideration the very short duration. If you take into consideration the end of 2018, I highly doubt that there will be a lot of investors that came out with an impressive return that year. In my view, to be consistent with your study you must have at least 3 years of performance review and the study to extend over a 12 month period, otherwise I feel that there are some mixed up concepts there that could negatively influence the end result.

Dear all,

Because the target number of participants has been met, the survey is now closed. Thank you for your questions and comments, and most of all: thank you for your participation in the study.


Daniel Walters,