| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16022 |
| 来源ID | Working Paper 16022 |
| Rationalizing Trading Frequency and Returns | |
| Yosef Bonaparte; Russell Cooper | |
| 发表日期 | 2010-05-20 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | Barber and Odean (2000) study the relationship between trading frequency andreturns. 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. |
| 主题 | Macroeconomics ; Consumption and Investment ; Financial Economics ; Portfolio Selection and Asset Pricing |
| URL | https://www.nber.org/papers/w16022 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573696 |
| 推荐引用方式 GB/T 7714 | Yosef Bonaparte,Russell Cooper. Rationalizing Trading Frequency and Returns. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16022.pdf（223KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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