Terrance Odean on the $2.8bn catch in zero-commission trading
Berkeley professor’s research on the true cost of retail trading has caught the eye of regulators
Terrance Odean might have become a psychologist if not for Daniel Kahneman, one of the pioneers of behavioural economics, who convinced him it would be easier to make fresh discoveries in this newly emerging field – and that if the research failed to take off, he could easily land a higher paying job in finance.
“I’ve thanked him many times,” the Berkeley finance professor says.
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