Terrance Odean

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Terrance Odean
TerranceOdean.jpeg
Nationality American
Occupation Academic
Awards Graham & Dodd Scroll
Roger F. Murray prize
Website Home page
Academic background
Alma mater University of California at Berkeley
Academic work
Discipline Behavioral economics
Institutions University of California at Berkeley
Main interests Behavioral finance
Investor behavior

Terrance Odean is the Willis H. Booth Professor of Banking and Finance at the Haas School of Business at the University of California, Berkeley. Odean originally studied creative writing at Carleton College, dropping out one semester shy of earning a degree. At age 37 he applied at UC Berkeley, and was admitted if he agreed to study statistics. Odean considered pursuing psychology for his doctorate, but Daniel Kahneman convinced him to get a Ph.D. in finance, studying investor behavior.[1]

Papers

Odean received a 2000 Graham & Dodd Scroll award[2] as coauthor of the paper, Too Many Cooks Spoil the Profits: Investment Club Performance.[3] . Odean received a 1999 Roger F. Murray Prize[4] for the paper, The Courage of Misguided Convictions: The Trading Behavior of Individual Investors.[5] Both papers were coauthored with Odean's frequent collaborator, Brad Barber.

Odean is the author/coauthor of the following most cited works, listed from most to least cited.

Year Study
1998 Are investors reluctant to realize their losses?[6]
1998 The Common Stock Investment Performance of Individual Investors[7]
2001 Boys will be Boys: Gender, Overconfidence, and Common Stock Investment[8]
2008 All that glitters: The effect of attention and news on the buying behavior of individual and institutional investors[9]
1998 Do Investors Trade Too Much?[10]
2001 Learning To Be Overconfident[11]
2003 Out of Sight, Out of Mind: The Effects of Expenses on Mutual Fund Flows[12]
2002 Online Investors: Do the Slow Die First?[13]
2009 Systematic Noise[14]

References

  1. David K. Randall (June 10, 2010). "The Average Investor Is His Own Worst Enemy". Forbes. http://www.forbes.com/forbes/2010/0628/investment-guide-behaviorial-finance-odean-average-investor-own-enemy.html. Retrieved February 20, 2016.
  2. "Graham and Dodd Award Winners". http://www.cfapubs.org/page/faj/all-graham-dodd-winners. Retrieved December 14, 2015.
  3. Barber, Brad M.; Odean, Terrance (2000). Too Many Cooks Spoil the Profits: Investment Club Performance. Financial Analysts Journal Volume 56 (1): Association for Investment Management and Research. pp. 17-25. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=ubzu7jQAAAAJ&cstart=20&pagesize=80&sortby=pubdate&citation_for_view=ubzu7jQAAAAJ:0EnyYjriUFMC.
  4. "Roger F. Murray Prize". http://www.q-group.org/prize-winners/. Retrieved December 22, 2015.
  5. Barber, Brad M.; Odean, Terrance (1999). The Courage of Misguided Convictions: The Trading Behavior of Individual Investors. SSRN. http://ssrn.com/abstract=219175.
  6. Odean, Terrance (October, 1998). Are investors reluctant to realize their losses?. The Journal of Finance Volume 53 (5): Blackwell Publishing Ltd. pp. 1775-1798. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=ubzu7jQAAAAJ&citation_for_view=ubzu7jQAAAAJ:u5HHmVD_uO8C.
  7. Barber, Brad M.; Odean, Terrance (May 1998). The Common Stock Investment Performance of Individual Investors. SSRN. http://ssrn.com/abstract=94140.
  8. Barber, Brad M.; Odean, Terrance (February, 2001). Boys will be Boys: Gender, Overconfidence, and Common Stock Investment. Quarterly Journal of Economics: MIT Press. pp. 261-292. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=ubzu7jQAAAAJ&citation_for_view=ubzu7jQAAAAJ:u-x6o8ySG0sC.
  9. Barber, Brad M.; Odean, Terrance (April 2008). All that glitters: The effect of attention and news on the buying behavior of individual and institutional investors. Journal Review of Financial Studies Volume 21 (2): Oxford University Press. pp. 785-818. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=ubzu7jQAAAAJ&citation_for_view=ubzu7jQAAAAJ:UeHWp8X0CEIC.
  10. Odean,Terrance (April, 1998). Do Investors Trade Too Much?. SSRN. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=ubzu7jQAAAAJ&citation_for_view=ubzu7jQAAAAJ:9yKSN-GCB0IC.
  11. Gervais, Simon; Odean, Terrance (January, 2001). Learning To Be Overconfident. Review of Financial Studies Volume 14 (1): Oxford University Press. pp. 1-21. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=ubzu7jQAAAAJ&citation_for_view=ubzu7jQAAAAJ:qjMakFHDy7sC.
  12. Barber, Brad M.; Odean, Terrance, Zheng, Lu (December, 2003). Out of Sight, Out of Mind: The Effects of Expenses on Mutual Fund Flows. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=ubzu7jQAAAAJ&citation_for_view=ubzu7jQAAAAJ:IjCSPb-OGe4C.
  13. Barber, Brad M.; Odean, Terrance (January, 2002). Online Investors: Do the Slow Die First?. Review of Financial Studies Volume 15 (2): Oxford University Press. pp. 455-488. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=ubzu7jQAAAAJ&citation_for_view=ubzu7jQAAAAJ:zYLM7Y9cAGgC.
  14. Barber, Brad M.; Odean, Terrance, Zhu, Ning (November, 2009). Systematic Noise. Journal of Financial Markets Volume 12 (4): North-Holland. pp. 547-569. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=ubzu7jQAAAAJ&citation_for_view=ubzu7jQAAAAJ:W7OEmFMy1HYC.

External links