Unix Traders

[Brad De Long]

>"Boys will be Boys: Gender, Overconfidence, and Common Stock
> Investment"
>
>      BY:  BRAD BARBER
>              University of California, Davis
>           TERRANCE ODEAN
>              University of California, Davis, Graduate School of
>              Management
>
>Document:  Available from the SSRN Electronic Paper Collection:
>           http://papers.ssrn.com/paper.taf?abstract_id=139415
>
>           Other Electronic Document Delivery:
>           http://www.gsm.ucdavis.edu/~odean/papers/gender/BoysWi
>           llBeBoys.pdf
> Consistent with the
> predictions of the overconfidence models, we document that men
> trade 45 percent more than women and earn annual risk-adjusted
> net returns that are 1.4 percent less than those earned by
> women. These differences are more pronounced between single men
> and single women; single men trade 67 percent more than single
> women and earn annual risk-adjusted net returns that are 2.3
> percent less than those earned by single women.
>
>
>JEL Classification: G1

Neat!

How many years before male traders are taking massive doses of estrogen?...

Or will it give a new meaning to the comment that "our trading strategies
are the result of our model running on a unix system"?...

Brad DeLong