“…K. Christiansen (S. Christiansen) and his colleagues came to the conclusion that individuals with higher economic education are more likely to invest in the stock market, and another group of scientists proved that higher education (economics, business management or information technology) is associated with a higher (riskadjusted) return. Also, it was established that education reduces the impact of some behavioral errors, from self-attribution to the disposition effect, and also affects the trading activity of investors [9,5].…”