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By Brad M. Barber, Yi-tsung Lee, Yu-jane Liu, Terrance Odean, Owen Lamont and Mark Kritzberg


1 We are grateful to the Taiwan Stock Exchange for providing the data used in this study. Michael Bowers provided excellent computing support. Barber appreciates the National Science Council of Taiwan for underwriting a visit to Taipei, where Timothy Lin (Yuanta Core Pacific Securities) and Keh Hsiao Lin (Taiwan Securities) organized excellent overviews of their trading operations. We appreciate the comments of Ken French, Charle

Year: 2005
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