News & Events

Odean Lecture Looks at the Behavior of Investors

Center event will begin at noon on Feb. 20

February 11, 2004

 

Individual investors tend to trade too frequently, hold onto their losing investments, and buy stocks that are in the news, according to Terrance Odean, Associate Professor, Haas School of Business at the University of California, Berkeley. Professor Odean, who analyzed the trading records of thousands of investors, will discuss his findings during a lecture at Noon, February 20, 2004 at the Moritz College of Law at The Ohio State University. The lecture, “Investor Behavior,” is sponsored by the Center for Law, Policy, and Social Science.

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Preliminary findings of Professor Odean’s research shows that investors, especially those who have experienced recent success, are likely to be overconfident about their abilities. This overconfidence leads to excessive trading and lower returns.

The Center for Law, Policy and Social Science (CLPSS) at the Ohio State University’s Moritz College of Law is committed to the promotion of interdisciplinary research, teaching, and public outreach designed to shed light on the nature and operation of law and legal institutions, as well as the impacts of law on society and culture.

Since 1891, the Moritz College of Law has played a leading role in the legal profession through countless contributions made by alumni and faculty. Graduates of the school reside in all 50 states and 20 other countries and include justices of the Ohio Supreme Court, current and former U.S. senators and representatives, managing partners in law firms of all sizes, chief executive officers of Fortune 500 corporations, and attorneys with nonprofit organizations and public interest law firms.

The Center for Law, Policy & Social Science (CLPSS) is part of the Ohio State University's Moritz College of Law.

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