A study of 66,465 households at a large discount broker between 1991 and 1996 showed that trading turnover and portfolio returns are negatively correlated, with the most active traders achieving an annual return of 11.4% compared to the average annual return of 16.4%, according to Barber and Odean (2000).

Authors

• Person: Not available Organization: Frontiers in Psychology
  The Impact of Cognitive Biases on Professionals' Decision-Making

Sources

• The Impact of Cognitive Biases on Professionals' Decision-Making www.frontiersin.org Frontiers in Psychology via serper

Referenced by nodes (1)

• portfolio performance concept