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Do Investors Trade Too Much? By TERRANCE ODEAN* Trading volume on the world’s markets seems high, perhaps higher than can be explained by models of rational markets. For example, the average annual turnover rate on the
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Document Date: 2002-07-12 17:49:34


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Company

American 1281 Stock Exchange / Investors Who Trade / Center for Research in Security Prices / FOR ALL SECURITIES / Ibbotson Associates / New York Stock Exchange / /

Currency

USD / /

Event

M&A / Debt Financing / /

Facility

University of British Columbia / University of Oregon / Northwestern University / University of California-Berkeley / Stanford University / Columbia University / University of Chicago / Duke University / University of North Carolina / University of Southern California / Russell Sage Institute / Dartmouth College / University of Texas / Massachusetts Institute of Technology / University of Michigan / University of Pennsylvania / University of California / Harvard University / /

IndustryTerm

behavioral finance meetings / retail broker / lower expected utilities / discount brokerage / retail brokerage accounts / large retail brokerage house / /

Organization

UCLA / Columbia University / University of California / School of Management / Wharton School / Harvard University / University of Oregon / Nasdaq Foundation / Western Finance Association / University of North Carolina / Northwestern University / Association of Securities Dealers Automated Quotation / American Association of Individual Investors / National Bureau of Economic Research / the University of Pennsylvania / Massachusetts Institute of Technology / Yale School of Management / Dartmouth College / Duke University / Russell Sage Institute for Behavioral Economics / Graduate School / the University of Chicago / University of California / Davis / University of Southern California / Stanford University / University of British Columbia / Committee on Uniform Securities Identification Procedures / the University of Michigan / University of Texas / /

Person

Simon Gervais / Shlomo Benartzi / Jerome D. Frank / F. Albert Wang / Brad M. Barber / Baruch Fischhoff / Howard Raiffa / David L. Ikenberry / Kent Daniel / Kenneth R. French / Jordi Caballe / William Brock / Wilbur G. Lewellen / Michael C. Jensen / Albert S. Kyle / Amos Tversky / Richard Thaler / Marc Alpert / Brett Trueman / Dale T. Miller / Jane Roth / Eugene F. Fama / Ellen J. Langer / Mark M. Carhart / Jeremy Evnine / Michael Ross / TERRANCE ODEAN / Richard H. Thaler / Sarah Lichtenstein / Gary G. Schlarbaum / Mark Rubinstein / Joseph E. Stiglitz / James Dow / Gary Gorton / S. G. Badrinath / Richard Roll / Brad Barber / David Modest / J. Bradford De Long / Sanford J. Grossman / Dale Griffin / Paul Ruud / /

Position

model / discount broker / same retail broker / retail broker / /

ProgrammingLanguage

R / /

ProvinceOrState

Texas / Southern California / Oregon / British Columbia / Michigan / Pennsylvania / North Carolina / California / Massachusetts / /

PublishedMedium

THE AMERICAN ECONOMIC REVIEW / the CRSP daily / /

Region

Southern California / /

SportsLeague

Stanford University / /

Technology

alpha / /

URL

http /

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