The Internet and the Investor
Bibliographic Data
| ID | 4029773 |
|---|---|
| Authors | Brad M Barber (Graduate School of Management, University of California at Davis, Davis, California.), Terrance Odean (0000-0003-4747-9461, Graduate School of Management, University of California at Davis, Davis, California.) |
| Year | 2001 |
| Volume | 15 |
| Issue | 1 |
| Pages | 41-54 |
| Publication date | 2001-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.15.1.41 |
| OpenAlex | W2029578438 |
| Language | EN |
| Citations received | 16 |
| References cited | 20 |
T he Internet is changing how information is delivered to investors and the ways in which investors can act on that information. It has lowered both the fixed and marginal costs of producing financial services, thus enabling newer, smaller companies to challenge established providers of these services. On-line brokerage firms, such as E*Trade and Ameritrade, are among the most vivid and successful financial service firms to emerge in the last decade. Other firms, which provide on-line financial advice, research tools, and financial information, have also emerged. These e-commerce firms are transforming the way traditional services are delivered and offering a vast assortment of new services. As a result, investors entering the market today have options unheard of ten years ago. From 1995 through mid-2000, investors opened 12.5 million on-line brokerage accounts—a number projected to grow to more than 42 million by 2003 (Cerulli Associates, 2000; Robertson Stephens, 2000). In 1998, on-line trading accounted for about 37 percent of all retail (that is, noninstitutional) trading volume in equities and options (U.S. General Accounting Office, 2000, p. 7). In a
Business · Economics · Financial system · The Internet · World Wide Web · Computer Science · Consumer Market Behavior and Pricing · Financial Markets and Investment Strategies · Gambling Behavior and Treatments
Values and financial markets
Rhetoric, Risk, and Markets
Digital Economics
Melting-Pot or Homophily? - An Empirical Investigation of User Interactions in Virtual Investment-Related Communities
Search for Whom? Performance Feedback, Female Directors, and Search Prioritization
Structural or cyclical decline
Psychological predictors of financial technology adoption
Where the Action Is
Sustainable Development Investment Decision
A Systematic Framework for Interpreting Stock Price Charts
Risky Choice in the Limelight
Overconfidence and Speculative Bubbles
Key factors influencing household asset allocation of relocated households
The Emergence of Econophysics
Democratizing finance with Robinhood
Aesthetics of stock investments
Boys will be Boys
Bubbles, Crashes, and Endogenous Expectations in Experimental Spot Asset Markets
First Impressions Matter
Overconfidence in case-study judgments.
The hot hand in basketball
Does the Internet Make Markets More Competitive? Evidence from the Life Insurance Industry
Overconfidence and Speculative Bubbles
Heads I win, tails it's chance
The Psychology of Chance
Biased assimilation and attitude polarization
The illusion of control
Anomalies
Effects of Quality and Quantity of Information on Decision Effectiveness
| Unique citing works | 16 |
|---|---|
| Citations per year | 0,7 |
| Citation span | 2003 - 2026 (24) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 14 |