REMINDER of the INVITATION
The WU Gutmann Center cordially invites you to the forthcoming
WU GUTMANN CENTER PUBLIC LECTURE
(apologies for duplicated mails!)
Date: June 14 (Tuesday), 2016, 4:00 pm
Location: Bank Gutmann, Schwarzenbergplatz 16, A-1010 Vienna
Speaker: Prof. Terrance Odean, University of California, Berkeley
http://faculty.haas.berkeley.edu/odean/
Title: "Unrecognized Risk Taking in Financial Markets"
Abstract
Risk-taking is an essential activity in financial markets. Standard models assume that
economic agents pay attention to all relevant information, are unbiased in their
assessment of risk, and dispassionately match the risks they take to consistent
preferences. In practice, however, investors have limited attention, display persistent
biases when assessing risk, and have inconsistent preferences. Furthermore, risk-taking is
influenced by emotions. Thus investors often take risks that they neither recognize nor
intend to take. Those who rely on mathematical models may actually be more, not less,
prone to unintended risk-taking.
About Terrance Odean
Terrance Odean is the Rudd Family Foundation Professor and Chair of the Finance Group at
the Haas School of Business at the University of California, Berkeley. He is a member of
the Journal of Investment Consulting editorial advisory board, of the Russell Sage
Behavioral Economics Roundtable, of the WU Gutmann Center Academic Advisory Board at the
Vienna University of Economics and Business and is a Wall Street Journal Expert Panelist.
He has been an editor and an associate editor of the Review of Financial Studies, an
associate editor of the Journal of Finance, a co-editor of a special issue of Management
Science, an associate editor at the Journal of Behavioral Finance, a director of UC
Berkeley's Experimental Social Science Laboratory, a member of the Russell Investments
Academic Advisory Board, a visiting professor at the University of Stavanger, Norway, and
the Willis H. Booth Professor of Finance and Banking. As an undergraduate at Berkeley,
Odean studied Judgment and Decision Making with the 2002 Nobel Laureate in Economics,
Daniel Kahneman. This led to his current research focus on how psychologically motivated
decisions affect investor welfare and securities prices.
**Please REGISTER**:
Mail: gutmann-center@wu.ac.at<mailto:gutmann-center@wu.ac.at>
Phone: +43-1-31336-5238
CONTACT AND FURTHER INFORMATION:
WU Gutmann Center for Portfolio Management WU (Wirtschaftsuniversität Wien)
Department of Finance, Accounting and Statistics
Sabina Krickl
www.gutmann-center.at<http://www.gutmann-center.at>
Please contact gutmann-center@wu.ac.at<mailto:gutmann-center@wu.ac.at> if you do not
wish to receive any further invitations from us!