dc.contributor.author | BONAPARTE, Yosef | |
dc.contributor.author | COOPER, Russell | |
dc.date.accessioned | 2010-05-25T08:44:10Z | |
dc.date.available | 2010-05-25T08:44:10Z | |
dc.date.issued | 2010 | |
dc.identifier.issn | 1725-6704 | |
dc.identifier.uri | https://hdl.handle.net/1814/14058 | |
dc.description.abstract | Barber 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.mimetype | application/pdf | |
dc.language.iso | en | en |
dc.relation.ispartofseries | EUI ECO | en |
dc.relation.ispartofseries | 2010/25 | en |
dc.rights | info:eu-repo/semantics/openAccess | |
dc.title | Rationalizing Trading Frequency and Returns | en |
dc.type | Working Paper | en |
dc.neeo.contributor | BONAPARTE|Yosef|aut| | |
dc.neeo.contributor | COOPER|Russell|aut| | |
eui.subscribe.skip | true | |