Watch my personal finance videos on Vimeo
Podcast interview with Mike Norton. I join at five minutes.
Terrance Odean Rudd Family Foundation Professor of Finance Current Research |
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Disposed to be Overconfident, with Katrin Gödker and Paul Smeets
Leveraging Overconfidence, with Brad M. Barber, Xing Huan, and Jeremy Ko.
Mediating Investor Attention, with Brad Barber and Shengle Lin.
Family, Values, and Women in Finance, with Renée Adams and Brad Barber.
Scam the Declined or Declined to be Scammed: A Model of Financial Choice in the Presence of Cognitive Decline, with Simon Gervais.
Published Works
The 'Actual Retail Price' of Equity Trades, with Brad Barber, Xing Huang, Phillip Jorian, and Christopher Schwarz, forthcoming Journal of Finance.
A (Sub)penny For Your Thoughts: Tracking Retail Investor Activity in TAQ, with Brad Barber, Xing Huang, Phillip Jorian, and Christopher Schwarz, Journal of Finance, 2024, Published online: doi.org/10.1111/jofi.13334
Stock Repurchasing Bias of Mutual Funds, with Mengqiao Du and Alexandra Niessen-Ruenzi, Review of Finance, 2024, 28, 2, 699–728, https://doi.org/10.1093/rof/rfad035 .
Resolving a Paradox: Retail Trades Positively Predict Returns but are Not Profitable, with Brad Barber and Shengle Lin, Journal of Financial and Quantitative Analysis, 2023, Published online: doi:10.1017/S0022109023000601.
The Math Gender Gap and Women's Career Outcomes, with Renee Adams and Brad Barber, Journal of Investment Management 2023 21, 2, 1-29.
Attention Induced Trading and Returns: Evidence from Robinhood Users, with Brad Barber, Xing Huang, and Christopher Schwarz, Journal of Finance, 2022, 77, 6, 3141-3190.
Learning, Fast or Slow with Brad Barber, Yi-Tsung Lee, Yu-Jane Liu, and Ke Zhang, Review of Asset Pricing Studies 2019, 10, 61-93.
STEM Parents and Women in Finance, with Renée Adams and Brad Barber, Financial Analysts Journal 2018, 74, 84-97.
Made Poorer by Choice: Worker Outcomes in Social Security v. Private Retirement Accounts, with Javed Ahmed and Brad Barber, Journal of Banking and Finance, 2018, 92, 311-322..
Which Risk Factors Matter to Investors? Evidence from Mutual Fund Flows, with Brad Barber and Xing Huang, Review of Financial Studies 2016, Volume 29, 10, 2600-2642.
Bubbling with Excitement: An Experiment, with Eduardo Andrade and Shengle Lin, Review of Finance, 2016, Vol. 20, 2, 447-466.
The Cross-Section of Speculator Skill: Evidence from Taiwan with Brad Barber, Yi-Tsung Lee and Yu-Jane Liu, Journal of Financial Markets, 2014, Vol. 18, 1-24.
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 Investors 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.
I am a former director of UC Berkeley's Xlab
and a former editor of The Review of Financial Studies. .