Provide a critical review of :Barber, B., and Odean, T., (2001), Boys will be boys: Gender, Overconfidence, and Common Stock Inv

Provide a critical review of :Barber, B., and Odean, T., (2001), Boys will be boys: Gender, Overconfidence, and Common Stock Inv Essay example
Masters
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Finance & Accounting
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Barber B & Odean T (2001) Boys will be Boys: Gender, Overconfidence and Common Stock Investment. The Quarterly Journal of Economics, February 2001 Summary: The article titled ‘Boys will be Boys: Gender, Overconfidence and Common Stock Investment’ critically examines the gender balance in terms of the confidence in investments…

Introduction

The study has considered data from a large discount brokerage ranging to 35,000 households. The gender wise common stock investments patterns of the studied population were analyzed. Investments from February 1991 to January 1997 were considered for the study. Several models to test and measure over confidence have been reviewed in the paper with reference to the available literature. A thorough review of literature connecting gender and over confidence also has been exhaustively carried out. The research has focused on common stock investments and has excluded data relating to mutual fund investments. Apart from the gender based demography another variable in the study is the marital status of the investors. Thus the study has considered the possible influence of the partner over investment decisions. The data on demography has been sourced from secondary sources as provided by a private agency called Infobase along with data directly provided by the brokerage house. The article is based on the assumption that the psychological theory over the investment confidence that men are more confident could be accepted and taken as a base for the research. ...
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