The document discusses research on how online investors form self-efficacy when searching for financial information from different sources. A study was conducted where participants had to invest money online after reviewing information from a firm, expert, and peer source. The findings showed that highly efficacious consumers achieved higher profits, perceived higher service value, and had higher usage intentions. Information source credibility and argument quality increased self-efficacy. Participants were segmented into groups that increased, maintained, or decreased their self-efficacy during the search process. The increasing segment was inexperienced but obtained high profits by spending high effort. Implications focused on partnering with credible sources, providing high-quality information, and engaging customers to increase their efforts.