In their study of trading behavior, Barber and Odean argue which of the following group of individuals are most characteristic of overconfident investors (i.e., trades the most and performs the worst)?

Question

BlackTom AI · Accepted Answer

To approach this question, I'll compare what Barber and Odean found about overconfident investors with each gender/marital status group.
Option 1: 'Single Women' — While women are often characterized as less prone to overconfidence in some studies, Barber and Odean specifically identify men as the more overconfident group and do not highlight single women as the primary example of overconfident traders. Therefore this option misidentifies the key demographic.
Option 2: 'Single Men' — This is the group Barber and Odean identify as most characteristic of overconfident investors who trade the most and perform the worst. They show that single men trade more frequently and incur higher costs, leading to poorer net returns, compared with women and married individuals.
Option 3: 'Married Women' — The research indicates women, and especially married women, tend to trade less and earn relatively better net returns, not the overconfident, high-trading profile described in the question.
Option 4: 'Married Men' — While married men may trade more than married women or some other groups in some contexts, Barber and Odean emphasize that the overconfident, high-trading behavior is most characteristic of single men, not married men; thus this option does not capture the key demographic identified in the study.
In summary, the core takeaway from Barber and Odean is that the overconfident trading pattern—high volume and worse performance—is most strongly associated with single men, while the other groups do not exemplify this combination to the same extent.

MGT 012Y 001 SQ 2025 Week 10 HW - Investor Behavior

In their study of trading behavior, Barber and Odean argue which of the following group of individuals are most characteristic of overconfident investors (i.e., trades the most and performs the worst)?

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