Question
Elaborate on performance of individual investors behavior in financial markets.Demonstrate your ingenuity and creativity to up produce the best possible analysis of individual investors, their
Elaborate on performance of individual investors behavior in financial markets.Demonstrate your ingenuity and creativity to up produce the best possible analysis of individual investors, their portfolio choice, performance, trading patterns, the effect that they have on financial markets etc. Please cover all following points:
- Do individual investors possess skills / have information? Do they generate alpha? Sharpe ratio.
- Does the performance of individual investors have economically (dollar) implications on their wealth?
- Do individual investors outperform when we account for the impact of their trades?
- Does the composition of their portfolio affect performance of individual investors?
- Persistence in individual investors performance
- Disposition effect
Suggested sources:
1.Barber and Odean, 2001, Boys will be boys: gender, overconfidence, and common stock investment, Quarterly Journal of Economics 116, 261-292.
2.Barber and Odean, 2001, Trading is Hazardous to your Wealth: the common stock investment performance of individual investors, Journal of Finance 55, 773-806.
3.Bodnaruk, 2009, Proximity Always Matters: Local Bias When the Set of Local Companies Changes, Review of Finance
4.Bodnaruk and Simonov, 2015, Do Financial Experts Make Better Investment Decisions, Journal of Financial Intermediation
5.Campbell, 2006, Household Finance
6.Coval, Hirshleifer,and Shumway, Can Individual Investors Beat the Market?
7.Dorn and Huberman, 2005, Talk and Action: What individual investors say and what they do, Review of Finance
8.Dorn and Huberman, 2010, Preferred risk habitat of individual investors, Journal of Financial Economics
9.Huberman, 2001, Familiarity Breeds Investment, Review of Financial Studies 14(3), 659-680.
10.Ivkovich and Weisbenner, 2005, Local Does as Local is: Information content of the geography of individual investors' common stock investments, Journal of Finance
11.Odean, 1998, Are investors reluctant to realize their losses? Journal of Finance 53, 1775-1798.
12.Odean,1999,Do investors trade too much? American Economic Review 89, 1279-1298.
13.Ivkovich, Sialm and Weisbenner,2008,Portfolio Concentration and the Performance of Individual Investors, Journal of Financialand Quantitative Analysis
14.Barber, Lee, Liu, and Odean,2009,Just How much Do investor Lose from Trade? Review of Financial Studies, 609-632
15.Barber and Odean, 2008, All that Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutions Investors, Review of Financial Studies, 785-818
16.Barber and Odean, 2000, Trading is Hazardous to your Wealth: the common stock investment performance of individual investors, Journal of Finance.
17.Barber and Odean, 2002,Online Investors: Do the Slow Die First?Review of Financial Studies, 455-487
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29.Calvet, Campbell, and Sodini, 2007, Down our Out: Assessing the welfare costs of household investment mistakes, Journal of Political Economy
30.Calvet, Campbell, and Sodini, 2009, Fight or flight? Portfolio rebalancing of individual investors, Quarterly Journal of Economics
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33.Hvide, and Ostberg, 2015, Social interaction at work, Journal of Financial Economics
34.Kaustia, and Knupfer, 2012, Peer performance and stock market entry, Journal of Financial Economics
35.Conrad, Kapadia, and Xing, 2014, Death and jackpot, Why do individual investors hold overpriced stocks? Journal of Financial Economics
36.Kandel, Massam and Simonov, 2011, Do small shareholders count, Journal of Financial Economics
37.Barnea, Cronqvist, and Siegel, 2010, Nature or nurture: What determines investor behavior? Journal of Financial Economics
38. Hoffman and Shefrin, 2014, Technical Analysis and Individual Investors, Journal of Economic Behavior and Organization
39.Doskeland and Hvide, 2011, Do individual investors have asymmetric information based on work experience? Journal of Finance
40. Cronqvist, Previtero, , Siegel, and White, 2017, The Fetal Origins Hypothesis in Finance: Prenatal Environment, the Gender Gap and Investor Behavior, Review of Financial Studies
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