Prof. Terrance Odean, the The Rudd Family Foundation Chair, is well-known for his groundbreaking research showing that overconfidence turns many investors their own worst enemies—they tend to trade too often, buying stocks that underperform the ones they sold (this is especially true for men).
In a wide-ranging interview with Brodie Gay, MFE 16 and VP of Research for home-equity-sharing startup Unison, Odean talks about the predictable mistakes that homeowners tend to make. “There’s a tendency to get too optimistic when looking at our own situation,” Odean says.
Odean also talks about his journey into behavioral finance, and which researchers he’d most like to share a beer with. Watch the full interview: