Talk and Action: What Individual Investors Say and What They Do

By Daniel Dorn, Gur Huberman. 2005

364 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/f543b187dca31b83fb5006688e2c780b07c932b7

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. V. Mendes
2. Margarida Abreu
3. Stefan Ruenzi
4. Rosanne Vanpée
5. Alexandra Niessen
6. Martin Weber
7. Alen Nosic
8. Elke U. Weber

In Finance

1. V. Mendes
2. Margarida Abreu
3. Željko Šević
4. Stefan Ruenzi
5. Rosanne Vanpée
6. Alexandra Niessen
7. Dimitrios Kourtidis
8. Martin Weber

In General Decision Sciences

1. V. Mendes
2. Margarida Abreu
3. Martin Weber
4. Elke U. Weber
5. Milo Bianchi
6. S. van der Linden
7. Dan Kahan
8. P. Stern

Citations in the corpus

• Sex matters: Gender differences in a professional setting (2007, background): “Furthermore, gender differences with respect to trading activity are also less pronounced in our managerial subpopulation: Dorn and Huberman (2005) and Barber and Odean (2001) report that female retail investors trade about 45% to 35% less than male retail investors.”
• Information, overconfidence and trading: Do the sources of information matter? (2012, background): “In fact, one could argue that the more experienced investors are more sophisticated and thus churn their portfolios less (Dorn & Huberman, 2005), and those investors that hold their assets for shorter periods of time are expected to trade more.”
• Financial Literacy and Portfolio Dynamics (2016, background): “Dorn and Huberman (2005) focus on the relationship between (over)con dence and portfolio underdiversi cation.”
• Who Takes Risks When and Why: Determinants of Changes in Investor Risk Taking (2013, background): “However, being predominantly male and having a substantially larger gross income than the overall population makes them similar to the German private investor population sampled by Dorn and Huberman (2005).”
• Investors’ trading activity: A behavioural perspective and empirical results (2011, background): “Further, Dorn and Huberman (2005) have investigated the determinants of portfolio diversification and turnover and found that risk-tolerant investors and trade more aggressively.”
• Why Do Investors Hold Socially Responsible Mutual Funds?: Why Do Investors Hold Socially Responsible Mutual Funds? (2017, neutral): “Similar to other studies (Dorn and Huberman (2005), Graham, Harvey and Huang (2009), Van Rooij, Lusardi and Alessie (2011)) we measured self-assessed Investment knowledge with the statement: “My investment knowledge is good.”
• Financial Overconfidence Over Time - Foresight, Hindsight, and Insight of Investors (2017, neutral): “Neither of the three overconfidence measures in Dorn and Huberman (2005) is related to portfolio diversification, and results for risk-taking are mixed, depending on whether fraction of risky investments or portfolio volatility is analyzed. Goetzmann and Kumar (2008) employ a different strategy to i”
• Home Bias in International Equity Portfolios: A Review (2007, background): “Second, questionnaire- or experiment-based studies are difficult to extend to other populations, the proxies used may lose their validity for other populations (Dorn and Huberman, 2005).”
• Correlated Trading and Returns (2008, neutral): “Dorn and Huberman (2005) document that German discount brokerage clients are younger, better educated, more likely to be self-employed, and earn higher incomes than the typical retail investor, similar to the differences between U.S. retail investors who trade online and those who do not (see New…”