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dc.contributor.authorBONAPARTE, Yosef
dc.contributor.authorCOOPER, Russell
dc.date.accessioned2010-05-25T08:44:10Z
dc.date.available2010-05-25T08:44:10Z
dc.date.issued2010
dc.identifier.issn1725-6704
dc.identifier.urihttp://hdl.handle.net/1814/14058
dc.description.abstractBarber and Odean (2000) study the relationship between trading frequency and returns. They find that households who trade more frequently have a lower net return than other households. But all households have about the same gross return. They argue that these results cannot emerge from a model with rational traders and instead attribute these findings to overconfidence. Using a dynamic optimization approach, we find that neither a model with rational agents facing adjustment costs nor various models of overconfidence fit these facts.en
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.relation.ispartofseriesEUI ECOen
dc.relation.ispartofseries2010/25en
dc.rightsinfo:eu-repo/semantics/openAccess
dc.titleRationalizing Trading Frequency and Returnsen
dc.typeWorking Paperen
dc.neeo.contributorBONAPARTE|Yosef|aut|
dc.neeo.contributorCOOPER|Russell|aut|
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