BR>Investment", Quarterly Journal of Economics, February 2001, Vol. 116,
Odean, T. (1998), "Volume, Volatility, Price, and Profit When All Traders Are Above Average," Journal of
Finance, 1887-1934.
DATA SOURCE: CRSP, Datastream.
IMPORTANT NOTES
1. At this point, we require as a minimum, a broad topic area so we can allocate a supervisor (of
course, the more relevant information we have, the better our allocation will be). Your topic choice is
due on 10 March 2006. We will provide further information about how to apply for your topic.
2. We have a very limited number of supervisors in the area of accounting, however. Therefore if more
students than expected choose such projects and we are not able to find enough suitable
supervisors we may ask you to choose another subject for your thesis.
3. The survey and research plan deadlines are there so you spend at least some time thinking about
your thesis topic. They count as 10% of the total, so although you will want to get a good mark, you
must always keep in mind the expected additional marks per hour of additional effort. The final mark
is 5% literature survey + 5% research plan + 90% project. In other words the final thesis you will be
working on “full time” after June will constitute a very important part of your mark.
4. The list of proposed projects contains some 英语论文网 【http://www.51lunwen.org】very specific topics e.g. ‘Bond Market Efficiency and
VAR Methodology’. However, you could merely put in your ‘Project Application Form’ that you wish
to do ‘Efficiency and Predictability in the Bond Market’ and this does not preclude or force you to do
‘VAR’ at some point in the future (i.e after you have covered it in lectures). However, some ‘topics’ in
have to be very specific. We have to try and appeal to all ranges of interest and prior
this document
knowledge.
5. You can change your project topic but any mark already allocated for your survey and research
plan will remain fixed. Changing your project topic carries ‘risk’ and may require a new supervisor.
guide you, so that you don’t ‘fall off the cliff’’. The idea of the project is
6. Your supervisor is there to
to produce a competent piece of work (not a Nobel prize), when faced with an almost infinite amount
of information and limited time. It mimics the real world (i.e. a job!) and is diametrically opposite in
taught course. It is ‘groping under uncertainty’ and mimics a random walk with (we
approach to a hope) positive drift. A random walk, you will remember, has infinite unconditional variance (i.e. t→∞).
That is why there is a fixed date (t<∞), at which you have to hand in the thesis.
7. Your supervisor may know how your project should develop each step of the wa
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