Terrance Odean (born c. 1950) is the Rudd Family Foundation Professor and Chair of the Finance Group at the

Haas School of Business The Walter A. Haas School of Business, also known as Berkeley Haas, is the business school of the University of California, Berkeley, a public research university in Berkeley, California. It was the first business school at a public university i ...

University of California, Berkeley The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California) is a public land-grant research university in Berkeley, California. Established in 1868 as the University of California, it is the state's first land-grant u ...

. He is known for his work on

behavioral finance Behavioral economics studies the effects of psychological, cognitive, emotional, cultural and social factors on the decisions of individuals or institutions, such as how those decisions vary from those implied by classical economic theory. ...

. After dropping out of

Carleton College Carleton College ( ) is a private liberal arts college in Northfield, Minnesota. Founded in 1866, it had 2,105 undergraduate students and 269 faculty members in fall 2016. The 200-acre main campus is between Northfield and the 800-acre Cowling ...

a half-year short of earning a creative writing degree, Odean applied to return to school at UC, Berkeley at the age of 37. Odean considered studying psychology in grad school. However, Nobel economics laureate

Daniel Kahneman Daniel Kahneman (; he, דניאל כהנמן; born March 5, 1934) is an Israeli-American psychologist and economist notable for his work on the psychology of judgment and decision-making, as well as behavioral economics, for which he was award ...

convinced him to pursue a Ph.D. in finance instead. He lives with his wife in Berkeley, California, and has three daughters.

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* 21st-century American economists Living people Haas School of Business faculty 1968 births University of California, Berkeley alumni {{US-economist-stub