| Terrance Odean
Terrance Odean is the Rudd Family Foundation Professor of Finance at the Haas School of Business
I am a former director of UC Berkeley's Xlab and a former editor of |
Leland-Rubinstein Retirement Conference, November 17, 2012
Current Research
Bubbling with Excitement: An Experiment, with Eduardo Andrade and Shengle Lin
Made Poorer by Choice: Worker Outcomes in Social Security v. Private Retirement Accounts, with Javed Ahmed and Brad Barber
Do Day Traders Rationally Learn About Their Ability? with Brad Barber, Yi-Tsung Lee and Yu-Jane Liu.
The Cross-Section of Speculator Skill: Evidence from Taiwan with Brad Barber, Yi-Tsung Lee and Yu-Jane Liu.
Published Works
Once Burned, Twice Shy: How Naïve Learning, Counterfactuals, and Regret Affect the Repurchase of Stocks Previously Sold with Brad Barber and Michal Strahilevitz, Journal of Marketing Research, 2011, Vol. 48, 102-120.
Overconfidence, Compensation Contracts, and Capital Budgeting with Simon Gervais and J. B. Heaton, Journal of Finance, 2011, Vol. 66, 5, 1725-1777.
Systematic Noise with Brad Barber and Ning Zhu, Journal of Financial Markets, 2009, Vol. 12, 547-569.
Just How Much Do Investor Lose from Trade? with Brad Barber, Yi-Tsung Lee and
Yu-Jane Liu, Review of Financial Studies, 2009, Vol. 22, 2, 609-632.
Do Retail Trades Move Markets? wiith Brad Barber and Ning Zhu, Review of Financial Studies, 2009, Vol. 22, 1, 151-186.
A Comparison of the Results in Barber, Odean, and Zhu (2006) and Hvidkjaer (2006)
All that Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors with Brad Barber, Review of Financial Studies, 2008, Vol. 21, 2, 785-818.
Is the Aggregate Investor Reluctant to Realize Losses: Evidence from Taiwan, with Brad Barber, Yi-Tsung Lee and Yu-Jane Liu, European Financial Management, 2007, Vol. 13, 423-447.
“Effect of Behavioral Biases on Market Efficiency and Investors’ Welfare,” CFA Institute Conference Proceedings Quarterly, 2007, Vol. 24, 6-18.
Out of Sight, Out of Mind: The Effects of Expenses on Mutual Fund Flows with Brad Barber and Lu Zheng, Journal of Business, 2005, Vol. 78, 2095-2119.
Good Rationales Sell: Reason-Based Choice Among Group and Individual Investors in the Stock Market with Brad Barber and Chip Heath, Management Science, 2003, Vol. 49, No. 12, 1636-1652.
Are Individual Investors Tax Savvy? Evidence from Retail and Discount Brokerage Accounts with Brad Barber, Journal of Public Economics, 2003, Vol. 88, 419-442.
Online Investors: Do the Slow Die First? with Brad Barber, Review of Financial Studies, March 2002, Vol. 15, No. 2, 455-487.
Does Online Trading Change Investor Behavior? with Brad Barber, European Business Organization Law Review, 2002, Vol. 3, 83-128.
"Boys will be Boys: Gender, Overconfidence, and Common Stock Investment" with Brad Barber,Quarterly Journal of Economics, February 2001, Vol. 116, No. 1, 261-292.
"The Internet and the Investor" with Brad Barber, The Journal of Economic Perspectives, Winter 2001, Vol. 15, No. 1, pp. 41-54.
"Learning to be Overconfident" with Simon Gervais, Review of Financial Studies, Spring 2001, Vol. 14, No. 1, pp. 1-27.
"Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors" with Brad Barber, Journal of Finance, Vol. LV, No. 2, April 2000, 773-806.
"Too Many Cooks Spoil the Profits: The Performance of Investment Clubs" with Brad Barber, Financial Analyst Journal, January/February 2000, 17-25.
"Do Investors Trade Too Much?", American Economic Review, Vol. 89, December 1999, 1279-1298.
"The Courage of Misguided Convictions: The Trading Behavior of Individual Investors" with Brad Barber, Financial Analyst Journal, November/December 1999, 41-55.
"Volume, Volatility, Price, and Profit When All Traders Are Above Average," Journal of Finance, Vol. LIII, No. 6, December 1998, 1887-1934.
"Are Investors Reluctant to Realize Their Losses?", Journal of Finance, Vol. LIII, No. 5, October 1998, 1775-1798.
"The Internal Call Market: A Clean,Well-Lighted
Place to Trade,"
with Frederick Grauer, in W. Beaver and G. Parker (eds), 1995, Risk Management:
Problems & Solutions, McGraw-Hill, New York.
June 28, 2010
