Professor | The Rudd Family Foundation Chair
Finance
About
Terrance Odean is the Rudd Family Foundation Professor of Finance at Berkeley Haas. As an undergraduate at Berkeley, Odean studied Judgment and Decision Making with the 2002 Nobel Laureate in Economics, Daniel Kahneman. This led to his research focus on how psychologically motivated decisions affect investor welfare and securities prices.
He is a Member of the Journal of Investment Consulting editorial advisory board; the Russell Sage Behavioral Economics Roundtable; and the WU Gutmann Center Academic Advisory Board at the Vienna University of Economics and Business. He has also been an Editor and an Associate Editor of the Review of Financial Studies; an Associate Editor of the Journal of Finance; a Co-editor of a special issue of Management Science; an Associate Editor at the Journal of Behavioral Finance; a Director of UC Berkeley’s Experimental Social Science Laboratory; a Visiting Professor at the University of Stavanger, Norway; and the Willis H. Booth Professor of Finance and Banking and Chair of the Finance Group at Berkeley Haas.
Expertise and Research Interests
- Influence of Individual Investors on Asset Prices
- Investor Behavior
- Behavioral Finance
- Investor Welfare
- Renée B Adams, Brad M Barber, Terrance Odean. STEM Parents and Women in Finance. Financial Analysts Journal.
2018 - Brad M Barber, Terrance Odean. Made Poorer by Choice: Worker Outcomes in Social Security vs. Private Retirement Accounts. Journal of Banking & Finance.
2018 - Terrance Odean, Brad Barber, Xing Huang. Which Risk Factors Matter to Investors? Evidence from Mutual Fund Flows. Review of Financial Studies.
2016 - Terrance Odean, Eduardo Andrade, Shengle Lin. Bubbling with Excitement: An Experiment. Review of Finance.
2016 - Terrance Odean, Brad Barber, Yi-Tsung Lee, Yu-Jane Liu. The Cross-Section of Speculator Skill: Evidence from Taiwan. Journal of Financial Markets.
2014 - Terrence Odean and Brad M. Barber. The Behavior of Individual Investors. Handbook of Economics of Finance.
2013
At Haas since 2001
2008 – present, The Rudd Family Foundation Chair
2006 – 2008, Willis H. Booth Chair in Banking and Finance I
2005 – 2006, Professor, Haas School of Business
2003 – 2005, Associate Professor, Haas School of Business
2001 – 2003, Assistant Professor, Haas School of Business
1997 – 2001, Assistant Professor, Graduate School of Management, UC Davis
- Executive Director, Experimental Social Science Laboratory, UC Berkeley
- Editor, Review of Financial Studies
- Ad Hoc Referee for: The American Economic Review, The Quarterly Journal of Economics, The Journal of Finance, The Review of Financial Studies, The Journal of Financial Economics, The Journal of Financial and Quantitative Analysis, Journal of Financial Markets, The Financial Analyst’s Journal, The Journal of Business, The Accounting Review, Scandinavian Journal of Economics, The Journal of Psychology and Financial Markets, Journal of Economics and Business, Financial Services Review, Economic Letters, Naitonal Science Review, European Finance Review, Economica, North American Journal of Economics and Finance, Journal of Banking and Finance
James R. Vertin Award
CFA Institute
Carleton College Alumni Distinguished Achievement Award
2012
Barclays Global Investors Award for Best Conference Paper at European Finance Association Meetings
Moscow 2005
Barclays Global Investment / Michael Brennan Prize for the Best Paper of the year (2001) in the Review of Financial Studies Graham and Dodd Award of Excellence
2000
National Science Foundation Career Grant National Science Foundation Research Grant
(SES-0111470)
Roger F. Murray Prize
From the Institute for Quantitative Research in Page 2 9/16/16 Finance
American Association of Individual Investors
2007
Completed Dissertation Award
Award
Nasdaq Foundation Dissertation Fellowship
Fellowship
University of California Regents Fellowship
Fellowship
Departmental Citation
Awarded for outstanding undergraduate accomplishment in statistics
Phi Beta Kappa
Honor Society
- Why You Shouldn’t Measure Your Success With Short-Term Results, Thrive Global, 08/27/2019
- Women won’t achieve true power until we start talking frankly about money, Newsweek, 08/13/2019
- Why scandals beef up bottom line, OZY, 06/21/2019
- Investors’ fear of flying, OZY, 06/21/2019
- 4 (tempting) behaviors to avoid when saving for retirement, Milwaukee Business Journal, 06/01/2019
- Like the flu, you can survive market volatility, Herald Tribune, 05/17/2019
- ‘Smart Beta’ Might Not Be So Smart After All, Bloomberg Opinion, 05/08/2019
- Marriage, divorce or buying a home can be costly distractions for investors, The Irish Times, 05/07/2019
- Why investors are careful buyers but careless sellers, The Economist, 04/27/2019
- Asked and Answered: Questions to Ask If You’re Considering Day Trading, Hacked, 04/24/2019
- Consider firing your male broker, New York Times, 01/15/2019
- Tony Robbins: 5 money mistakes investors need to avoid in today’s choppy market, CNBC, 01/05/2019
- Forget logic. Investment is driven mostly by emotion, Irish Times, 12/11/2018
- What A Midsummer Night’s Dream teaches you about investing, MoneyWeek, 12/07/2018
- The financial industry is ever more concerned about parity, Finance et Investissiment (French link), 10/26/2018