Terrance Odean

University of California, Berkeley - Haas School of Business

Willis H. Booth Professor of Banking and Finance

545 Student Services Building, #1900

2220 Piedmont Avenue

Berkeley, CA 94720

United States

http://www.haas.berkeley.edu/faculty/odean.html

SCHOLARLY PAPERS

38

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Top 302

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55,907

SSRN CITATIONS
Rank 611

SSRN RANKINGS

Top 611

in Total Papers Citations

1,209

CROSSREF CITATIONS

311

Scholarly Papers (38)

1.

The Behavior of Individual Investors

Number of pages: 54 Posted: 27 Jun 2011 Last Revised: 06 Jan 2012
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 12,041 (347)
Citation 80

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individual investors

All that Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors

EFA 2005 Moscow Meetings Paper
Number of pages: 51 Posted: 20 Jun 2005
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 4,512 (1,997)
Citation 306

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attention, news, investor behavior, individual investors, behavioral finance, behavioral biases

All that Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors

Review of Financial Studies, Vol. 21, No. 2, pp. 785-818, 2008
Posted: 26 Jun 2008
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business

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Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors

Number of pages: 34 Posted: 12 Apr 2000
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 4,244 (2,240)
Citation 189

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Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors

Journal of Finance, Vol. 55, Issue 2, April 2000
Posted: 12 Apr 2000
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business

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The Courage of Misguided Convictions: The Trading Behavior of Individual Investors

Number of pages: 37 Posted: 12 Apr 2000
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 4,104 (2,383)
Citation 24

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The Courage of Misguided Convictions: The Trading Behavior of Individual Investors

Financial Analyst Journal, Vol. 55, Issue 6, 1999
Posted: 12 Apr 2000
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business

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5.

The Cross-Section of Speculator Skill: Evidence from Day Trading

Number of pages: 44 Posted: 15 Apr 2004 Last Revised: 24 Feb 2013
Brad M. Barber, Yi-Tsung Lee, Yu-Jane Liu and Terrance Odean
University of California, Davis, Peking University - Guanghua School of Management, National Chengchi University (NCCU) - Department of Finance and Banking and University of California, Berkeley - Haas School of Business
Downloads 3,460 (3,204)
Citation 25

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day traders, individual investors, market efficiency

6.

Do Noise Traders Move Markets?

EFA 2006 Zurich Meetings Paper
Number of pages: 47 Posted: 15 Dec 2005
Brad M. Barber, Terrance Odean and Ning Zhu
University of California, Davis, University of California, Berkeley - Haas School of Business and China Academy of Financial Research (CAFR)
Downloads 3,405 (3,297)
Citation 54

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Behavioral Finance, Asset Pricing, Market Efficiency

7.
Downloads 2,646 ( 5,036)

Do Investors Trade Too Much?

Number of pages: 41 Posted: 02 Jun 1998
Terrance Odean
University of California, Berkeley - Haas School of Business
Downloads 2,646 (4,943)
Citation 59

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Do Investors Trade Too Much?

American Economic Review, December 1999
Posted: 20 Apr 2000
Terrance Odean
University of California, Berkeley - Haas School of Business

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Boys Will Be Boys: Gender, Overconfidence, and Common Stock Investment

Number of pages: 39 Posted: 12 Nov 1998
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 2,556 (5,260)
Citation 207

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Boys Will Be Boys: Gender, Overconfidence, and Common Stock Investment

Quarterly Journal of Economics, 2000
Posted: 20 Apr 2000
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business

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9.

Which Factors Matter to Investors? Evidence from Mutual Fund Flows

Number of pages: 77 Posted: 14 Mar 2014 Last Revised: 16 Jun 2016
Brad M. Barber, Xing Huang and Terrance Odean
University of California, Davis, Washington University in St. Louis - Olin Business School and University of California, Berkeley - Haas School of Business
Downloads 2,076 (7,576)
Citation 51

Abstract:

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mutual fund flows, investor behavior

10.

Out of Sight, Out of Mind: The Effects of Expenses on Mutual Fund Flows

Number of pages: 36 Posted: 03 May 2004
Brad M. Barber, Terrance Odean and Lu Zheng
University of California, Davis, University of California, Berkeley - Haas School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 1,949 (8,463)
Citation 135

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mutual funds, investor behavior, operating expenses

11.

Systematic Noise

AFA 2004 San Diego Meetings
Number of pages: 33 Posted: 14 Aug 2005
Brad M. Barber, Terrance Odean and Ning Zhu
University of California, Davis, University of California, Berkeley - Haas School of Business and China Academy of Financial Research (CAFR)
Downloads 1,789 (9,715)
Citation 62

Abstract:

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Noise trading, herding, individual investors,

Are Investors Reluctant to Realize Their Losses?

Number of pages: 34 Posted: 01 Jun 1998
Terrance Odean
University of California, Berkeley - Haas School of Business
Downloads 1,532 (12,191)
Citation 18

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Are Investors Reluctant to Realize Their Losses?

Journal of Finance 1998
Posted: 02 Aug 1998
Terrance Odean
University of California, Berkeley - Haas School of Business

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Just How Much Do Individual Investors Lose By Trading?

AFA 2006 Boston Meetings Paper
Number of pages: 30 Posted: 02 Sep 2005
Brad M. Barber, Yi-Tsung Lee, Yu-Jane Liu and Terrance Odean
University of California, Davis, Peking University - Guanghua School of Management, National Chengchi University (NCCU) - Department of Finance and Banking and University of California, Berkeley - Haas School of Business
Downloads 1,505 (12,525)
Citation 114

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market efficiency, individual investors, institutional investors, information asymmetry

Just How Much Do Individual Investors Lose by Trading?

The Review of Financial Studies, Vol. 22, No. 2, pp. 609-632, 2009
Posted: 25 Jan 2009
Brad M. Barber, Yi-Tsung Lee, Yu-Jane Liu and Terrance Odean
University of California, Davis, Peking University - Guanghua School of Management, National Chengchi University (NCCU) - Department of Finance and Banking and University of California, Berkeley - Haas School of Business

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G11, G14, G15, H31

14.

Online Investors: Do the Slow Die First?

EFA 0335
Number of pages: 47 Posted: 12 Apr 2000
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 1,141 (19,585)
Citation 41

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15.

Family, Values, and Women in Finance

Number of pages: 33 Posted: 23 Aug 2016 Last Revised: 08 Mar 2017
Renee B. Adams, Brad M. Barber and Terrance Odean
University of Oxford, University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 1,103 (20,602)
Citation 6

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Finance; Women; CFA; Investment Industry; Values; Tradition; Selection

16.

Learning to Be Overconfident

Number of pages: 39 Posted: 16 Oct 1997
Simon Gervais and Terrance Odean
Duke University - Fuqua School of Business and University of California, Berkeley - Haas School of Business
Downloads 1,063 (21,764)
Citation 75

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17.

The Common Stock Investment Performance of Individual Investors

Number of pages: 47 Posted: 01 Jun 1998
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 893 (28,037)
Citation 3

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Volume, Volatility, Price, and Profit When All Traders are Above Average

Number of pages: 52 Posted: 01 Jun 1998
Terrance Odean
University of California, Berkeley - Haas School of Business
Downloads 867 (28,768)
Citation 22

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Volume, Volatility, Price, and Profit When All Traders are Above Average

Journal of Finance, October 1998
Posted: 01 Sep 1998
Terrance Odean
University of California, Berkeley - Haas School of Business

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19.

Once Burned, Twice Shy: How Naïve Learning, Counterfactuals, and Regret Affect the Repurchase of Stocks Previously Sold

Number of pages: 42 Posted: 16 Sep 2005 Last Revised: 07 Aug 2010
University of California, Berkeley - Haas School of Business, Saint Mary's College of California - School of Economics & Business and University of California, Davis
Downloads 795 (33,007)
Citation 36

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Behavioral finance, prospect theory, disposition effect, individual investors

20.

The Math Gender Gap and Women's Career Outcomes

Number of pages: 35 Posted: 16 Mar 2017 Last Revised: 17 Dec 2019
Renee B. Adams, Brad M. Barber and Terrance Odean
University of Oxford, University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 621 (46,062)
Citation 2

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Math Gender Gap, Gender Preferences, Gender Inequality, Women’s Careers

21.

Learning Fast or Slow?

Forthcoming: Review of Asset Pricing Studies
Number of pages: 58 Posted: 09 Dec 2014 Last Revised: 12 Jul 2019
University of California, Davis, Peking University - Guanghua School of Management, Peking University - Guanghua School of Management, University of California, Berkeley - Haas School of Business and Nanjing University - School of Management and Engineering
Downloads 567 (51,771)
Citation 10

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learning, day traders, day trading, individual investors, Taiwan

22.

Overconfidence, Compensation Contracts, and Capital Budgeting

Journal of Finance, Vol. 66, No. 5, pp. 1725-77 (2011)
Number of pages: 53 Posted: 07 Mar 2011 Last Revised: 18 Feb 2019
Simon Gervais, J.B. Heaton and Terrance Odean
Duke University - Fuqua School of Business, One Hat Research LLC and University of California, Berkeley - Haas School of Business
Downloads 486 (62,858)
Citation 6

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overconfidence, capital budgeting, compensation, labor market

Too Many Cooks Spoil the Profits: Investment Club Performance

Number of pages: 22 Posted: 12 Apr 2000
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 471 (64,694)
Citation 3

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Too Many Cooks Spoil the Profits: Investment Club Performance

Financial Analyst Journal, Vol. 56, Issue 1, 2000
Posted: 12 Apr 2000
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business

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24.

Made Poorer by Choice: Worker Outcomes in Social Security vs. Private Retirement Accounts

Number of pages: 39 Posted: 01 Oct 2012 Last Revised: 07 Jul 2016
Javed Ahmed, Brad M. Barber and Terrance Odean
Metis, University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 445 (70,074)
Citation 3

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Social Security, Private Retirement Accounts, Behavioral Finance

25.

Is the Aggregate Investor Reluctant to Realize Losses? Evidence from Taiwan

Number of pages: 37 Posted: 16 Nov 2006
Brad M. Barber, Yi-Tsung Lee, Yu-Jane Liu and Terrance Odean
University of California, Davis, Peking University - Guanghua School of Management, National Chengchi University (NCCU) - Department of Finance and Banking and University of California, Berkeley - Haas School of Business
Downloads 401 (79,263)
Citation 16

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Disposition effect, behavioral finance, investor behavior

26.

Bubbling with Excitement: An Experiment

Number of pages: 34 Posted: 20 Mar 2012 Last Revised: 28 Jun 2012
Terrance Odean, Shengle Lin and Eduardo Andrade
University of California, Berkeley - Haas School of Business, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 338 (96,461)
Citation 4

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bubbles, emotions, experimental markets

27.

STEM Parents and Women in Finance

Financial Analysts Journal, 2018 (vol. 74, no.2)
Number of pages: 33 Posted: 30 May 2017 Last Revised: 23 Aug 2018
Renee B. Adams, Brad M. Barber and Terrance Odean
University of Oxford, University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 323 (101,466)

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Women, Gender, Finance, CFA, Investment Industry

28.

Stock Repurchasing Bias of Mutual Funds

Number of pages: 61 Posted: 14 Sep 2018 Last Revised: 04 Nov 2019
University of Mannheim - Department of Finance, University of Mannheim - Department of Finance and University of California, Berkeley - Haas School of Business
Downloads 194 (169,659)

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Stock Repurchasing, Mutual Funds, Performance, Behavioral Bias

29.

Leveraging Overconfidence

Number of pages: 56 Posted: 07 Sep 2019 Last Revised: 26 Dec 2019
Brad M. Barber, Xing Huang, K. Jeremy Ko and Terrance Odean
University of California, Davis, Washington University in St. Louis - Olin Business School, Securities and Exchange Commission and University of California, Berkeley - Haas School of Business
Downloads 187 (175,371)
Citation 4

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Individual Investors, Margin, Overconfidence, Stock Trading

30.

Gender Diversity in Investment Management: New Research for Practitioners on How to Close the Gender Gap

CFA Institute Research Foundation 2016B - 5
Number of pages: 16 Posted: 31 May 2017
CFA Institute, University of Oxford, University of California, Davis and University of California, Berkeley - Haas School of Business
Downloads 140 (224,200)
Citation 1

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31.

Easy Money, Cheap Talk, or Spuds: Inducing Risk Aversion in Economics Experiments

Number of pages: 12 Posted: 12 Aug 2019 Last Revised: 13 Oct 2019
Hans K. Hvide, Jae Lee and Terrance Odean
University of Bergen - Department of Economics, University of Aberdeen and University of California, Berkeley - Haas School of Business
Downloads 38 (466,724)

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risk preferences, experimental methodology, risk taking

32.

Is the Aggregate Investor Reluctant to Realise Losses? Evidence from Taiwan

European Financial Management, Vol. 13, No. 3, pp. 423-447, June 2007
Number of pages: 25 Posted: 24 May 2007
Brad M. Barber, Yi-Tsung Lee, Yu-Jane Liu and Terrance Odean
University of California, Davis, Peking University - Guanghua School of Management, National Chengchi University (NCCU) - Department of Finance and Banking and University of California, Berkeley - Haas School of Business
Downloads 15 (595,215)
Citation 3
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33.

Made Poorer by Choice: Worker Outcomes in Social Security v. Private Retirement Accounts

Posted: 11 May 2013
Javed Ahmed, Brad M. Barber and Terrance Odean
Metis, University of California, Davis and University of California, Berkeley - Haas School of Business

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Social Security, private retirement accounts, behavioral finance

34.

An Interview with Vernon L. Smith: 2002 Nobel Laureate in Economic Sciences and Father of Experimental Economics

Journal of Applied Finance, Vol. 18, Issue 2, pp. 116-123, Fall/Winter2008
Posted: 24 Jul 2012
Terrance Odean and Betty J. Simkins
University of California, Berkeley - Haas School of Business and Oklahoma State University - Stillwater - Department of Finance

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Interviews, Bidding Strategies, Auctions, Economic Bubbles, Real Estate Bubbles

35.

Pioneers in Finance: Vernon Smith Interview

Journal of Applied Finance (Formerly Financial Practice and Education), Vol. 18, No. 2, 2008
Posted: 18 Jun 2009
Vernon L. Smith, Terrance Odean and Betty J. Simkins
Chapman University - Economic Science Institute, University of California, Berkeley - Haas School of Business and Oklahoma State University - Stillwater - Department of Finance

Abstract:

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Experimental economics, behavioral finance, Nobel Laureate

36.

Do Retail Trades Move Markets?

The Review of Financial Studies, Vol. 22, No. 1, pp. 151-186, 2009
Posted: 03 Jan 2009
Brad M. Barber, Terrance Odean and Ning Zhu
University of California, Davis, University of California, Berkeley - Haas School of Business and China Academy of Financial Research (CAFR)

Abstract:

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G11, G12, G14

37.

Good Reasons Sell: Reason-Based Choice Among Group and Individual Investors in the Stock Market

Management Science, Vol. 49, No. 12, pp. 1636-1652, December 2003
Posted: 15 Apr 2004
Brad M. Barber, Chip Heath and Terrance Odean
University of California, Davis, Stanford Graduate School of Business and University of California, Berkeley - Haas School of Business

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Reason-based choice, group decision making, group polarization

38.

Are Individual Investors Tax Savvy? Evidence from Retail and Discount Brokerage Accounts

Journal of Public Economics, Vol. 88, No. 1-2, pp. 419-442, January 2004
Posted: 15 Apr 2004
Brad M. Barber and Terrance Odean
University of California, Davis and University of California, Berkeley - Haas School of Business

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Aasset location, asset allocation, portfolio choice, taxation