University of California, Davis. This paper is based on my dissertation at the University of California, Berkeley. I would like to thank an anonymous referee, Brad Barber, Peter Klein, Hayne Leland, Richard Lyons, David Modest, John Nofsinger, James Poterba, Mark Rubinstein, Paul Ruud, Richard Sansing, Richard Thaler, Brett Trueman, and participants at the Berkeley Program in Finance, the NBER behavioral finance meeting, the Financial Management Association Conference, the American Finance Association meetings, and seminar participants at UC Berkeley, the Yale School of Management, the University of California, Davis, the University of Southern California, the University of North Carolina, Duke University, the Wharton School, Stanford University, the University of Oregon, Harvard University, the Massachusetts Institute of Technology, the Amos Tuck School, the University of Chicago, the University of British Columbia, Northwestern University, the University of Texas, UCLA, the University of Michigan, and Columbia University for helpful comments. I would also like to thank Jeremy Evnine and especially the discount brokerage house that provided the data necessary for this study. Financial support from the Nasdaq Foundation is gratefully acknowledged.
Are Investors Reluctant to Realize Their Losses?
Version of Record online: 17 DEC 2002
© 1998 the American Finance Association
The Journal of Finance
Volume 53, Issue 5, pages 1775–1798, October 1998
How to Cite
Odean, T. (1998), Are Investors Reluctant to Realize Their Losses?. The Journal of Finance, 53: 1775–1798. doi: 10.1111/0022-1082.00072
- Issue online: 17 DEC 2002
- Version of Record online: 17 DEC 2002
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