Barber, Brad M.; Heath, Chip; Odean, Terrance - In: Management Science 49 (2003) 12, pp. 1636-1652
In this paper, we compare the investment decisions of groups (stock clubs) and individuals. Both individuals and clubs are more likely to purchase stocks that are associated with good reasons (e.g., a company that is featured on a list of most-admired companies). However, stock clubs favor such...
