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← Overconfidence and Trading
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Question
What did Barber and Odean's 2000 study find about the most active traders compared to the least active?
1
Active traders earned 7.1 percentage points less per year in net returns
2
Active traders earned slightly higher returns, which offset their higher costs
3
Active traders and passive holders earned similar gross returns
4
Active traders outperformed in rising markets but underperformed in falling ones
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