Behavioral pitfalls

Definitions of Statistical Terms

 * Standard Deviation
 * Skewness
 * Kurtosis
 * Tail Risk

Papers

 * Risk: What Exactly Is It? by Larry Swedroe, 08/08/2003
 * What Risk Matters? by Robert D. Arnott, 06/2003
 * For Long-Term Investors, the Focus Should Be on Risk by Zvi Bodie and Paula H. Hogan, 06/2005
 * The Psychology of Successful Investing by Paul Merriman, 02/10/2005
 * Rubble Logic: What Did We Learn from the Great Stock Market Bubble? by Clifford S. Asness, 2005
 * The Stockholm Syndrome and the Market by Todd Hickman, 07/22/2003
 * Risk and Risk Control in an Era of Confidence (or is it Greed?) by John Bogle, 04/06/2000
 * Bubble Logic: Or, How to Learn to Stop Worrying and Love the Bull by Clifford S. Asness, 08/2000
 * The Uncertain Science of Asset Allocation by Cotton, Benjamin L, (1999)
 * Asset Allocation in a Value-at-Risk Framework by Huisman, Ronald, Koedijk, Kees C.G. and Campbell, Rachel A.J. (April 27, 1999)
 * The Courage of Misguided Convictions by Brad M. Barber and Terrance Odean, 12/1999
 * A survey of behavioral finance by Nicholas Barberis and Richard Thaler, 2003
 * Seven Sins of Fund Management by James Montier, 11/18/2005
 * Psychological biases of investors by H. Kent Baker and John R. Nofsinger, 04/15/2002
 * Investment Solutions and Alternatives for Addressing Concentrated Equity by Vanguard Investment Counseling & Research, Donald G. Bennyhoff, CFA
 * The Enviable Dilemma: Hold, Sell, or Hedge Highly Concentrated Stock? by Boyle, Patrick S., Daniel J. Loewy, Jonathan A. Reiss, and Robert A. Weiss. 2004.
 * Full Report: The Enviable Dilemma: Hold, Sell, or Hedge Highly Concentrated Stock? by Alliance Bernstein
 * Exchange Funds: A Solution to Concentrated Wealth by 2000 Bailard, Biehl & Kaiser, Inc.
 * Have Individual Stocks Become More Volatile? An Empirical Exploration of Idiosyncratic Risk by John Y. Campbell & Martin Lettau & Burton G. Malkiel & Yexiao Xu. 2000
 * The Role of Company Stock in Defined Contribution Plans by Mitchell, Olivia S. and Utkus, Stephen P. (October 2002)