Remove["Global`*"]; ClearAll["Global`*"];
? = 1;
?[t_] := (?^2/(2 Pi))^(1/4)*Exp[-?^2/4*(t^2)];
?[t_, ?_] := ?[t] - ?*(?^2/(2 Pi))^(1/4)*((E^((? (? - 2 t ?^2))/(4 ?^2)) Sqrt[?]*Erfc[(? - t ?^2)/(2 ?)])/?);
tbar[?_?NumericQ] := NIntegrate[t*(?[t, ?]^2), {t, -Infinity, Infinity}]/NIntegrate[?[t, ?]^2, {t, -Infinity, Infinity}];
tsquare[?_?NumericQ] := NIntegrate[(t^2)*(?[t, ?]^2), {t, -Infinity, Infinity}]/NIntegrate[?[t, ?]^2, {t, -Infinity, Infinity}];
?t[?_?NumericQ] := Sqrt[tsquare[?] - tbar[?]^2];
Plot[?t[?], {?, 0, 2}, PlotRange -> {Automatic, {0, 10}}] // Quiet

I don't see any maximum ?
FindMaximum[?t[?]*(?/2), {?, 1/10}] (* ??? *)