Professor | The Rudd Family Foundation Chair
Center for Equity, Gender, and Leadership | Finance
About
Terrance Odean is the Rudd Family Foundation Professor of Finance at the Haas School of Business at the University of California, Berkeley. He is an advisory editor of the Financial Planning Review, a member of the Journal of Investment Consulting editorial advisory board and of the Russell Sage Behavioral Economics Roundtable, and is a Wall Street Journal Expert Panelist. In 2016, he received the James R. Vertin Award from the CFA Institute for research notable for its relevance and enduring value to investment professionals. He has 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 member of the Russell Investments Academic Advisory Board, a member of the WU Gutmann Center Academic Advisory Board at the Vienna University of Economics and Business, a visiting professor at the University of Stavanger, Norway, chair of the Haas Finance Group, and the Willis H. Booth Professor of Finance and Banking. As an undergraduate at UC Berkeley, Odean studied judgment and decision making with the 2002 Nobel Laureate in Economics, Daniel Kahneman.
Expertise and Research Interests
- Influence of Individual Investors on Asset Prices
- Investor Behavior
- Behavioral Finance
- Investor Welfare
- Terrance Odean, Brad Barber, Xing Huang, and Christopher Schwarz. Attention Induced Trading and Returns: Evidence from Robinhood Users. Journal of Finance (forthcoming).
2020 - Terrance Odean, Brad Barber, Yi-Tsung Lee, Yu-Jane Liu, and Ke Zhang. Learning, Fast or Slow. Review of Asset Pricing Studies.
2019
10, 61-93. - Renée B Adams, Brad M Barber, Terrance Odean. STEM Parents and Women in Finance. Financial Analysts Journal.
2018 - Terrance Odean, Brad Barber, Xing Huang. Which Risk Factors Matter to Investors? Evidence from Mutual Fund Flows. Review of Financial Studies.
2016
- Retail Trades Positively Predict Returns but are Not Profitable
with Brad Barber and Shengle Lin. - Leveraging Overconfidence
with Brad M. Barber, Xing Huan, and Jeremy Ko
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
- Build Your Own Target-Date Fund, The Street, 05/25/2021
- You Are Not Ready to Start Investing Yet, Medium – Personal Finance Analytics, 05/21/2021
- Long-term vs short-term: Investor mindset matters, Investors’ Chronicle, 04/21/2021
- The lockdown is leading to new bad habits, Napi.hu (Hungarian), 02/15/2021
- Disappointed GameStop Traders Should Take These Lessons to the Next Mania, Bloomberg, 02/08/2021
- ‘Overconfidence’: Why it’s mostly men under 30 trading bitcoin, MarketWatch, 02/08/2021
- Bored Lockdown Traders Are a Danger to Themselves, Bloomberg, 02/04/2021
- UC Berkeley professors, community react to Gamestop stock prices, The Daily Californian, 02/02/2021
- How Does the GameStop Squeeze End?, Gizmodo, 01/29/2021
- Democratising finance, World Finance, 01/25/2021
- Trading Stocks Has Never Been Easier. Here’s How Often Experts Say You Should Buy and Sell, Money, 01/12/2021
- Why men are more likely to invest in Tesla, MarketWatch, 01/12/2021
- Herding by ‘Naive’ Robinhood Traders May Be Good Signal to Short, Bloomberg, 11/13/2020
- Rally democratizes ownership of rare collectibles, but investors should solely focused on ROI should avoid, Sportico, 10/16/2020
- Winning or losing, staying in the game is the thing for some investors, Business Day, 08/24/2020