In the News
That some 138 million U.S. shoppers will open their wallets this Black Friday weekend may have a lot to do with a bountiful feast and the need to feel in control. At least, that’s one theory offered by Olivier Rubel, an assistant professor of marketing at UC Davis Graduate School of Management.
For academic scientists with an idea they think might have commercial potential, figuring out whether and how to move it from the university lab to the marketplace is a formidable challenge. Andrew Hargadon, the Charles J. Soderquist Chair in Entrepreneurship at the University of California, Davis, and director of the university’s Center for Entrepreneurship, offers insight into the process in a series of entries on his blog.
CBS MoneyWatch cites UC Davis GSM Finance Professor Brad Barber: “When you own both a mortgage and a stock portfolio, you’re acting like a hedge fund. You’re playing the market with borrowed money.”
At the Governors’ Global Climate Summit 3 in November 2010, Dean Currall led a panel discussion on commercializing clean technology with three thought leaders.
Steven Currall, dean of the Graduate School of Management at UC Davis talks to Sarah Backhouse of Hub Culture at the Governor’s Global Cilmate Summit in Davis. He has been key to the organization and coordination of the GGSC3.
Alumnus Mark Otero’s BioWare Sacramento, an online game company that currently has two games on Facebook, has recently doubled its workforce and is looking for more talent and work space. BioWare Sacramento’s games are played by more than 100,000 people daily and generates revenues that are in the millions.
Major U.S. stock indexes have returned 80% or more since their 2009 lows, but individual investors remain wary. Investor psychology expert and Professor of Management Brad Barber discusses why.
Rising minimum payments can cause borrowers to default and help generate greater fee income for issuers, says Associate Professor Victor Stango, an associate economist with the Federal Reserve Bank of Chicago, who has studied the impact of the Card Act on lenders’ practices.
Hollywood and political heavyweights are scheduled to attend a global summit at the University of California, Davis this month. The “Governor’s Global Climate Summit 3: Building the Green Economy” takes place Nov. 15 and 16 on the UC Davis campus. Gov. Arnold Schwarzenegger is a co-host along with the governors of Michigan, Washington, Wisconsin and Oregon
Professor Hargadon is quoted in Financial Times article about innovation at Apple and the mobile product and services market. What Apple does, he says, “is identify a vision, then assemble the right team to pull that off.” Rather than reorganizing existing assets to try to come up with a new vision, Prof Hargadon says technology companies must have the vision and then assemble the assets needed from outside and inside in order to make it real.
Professor Brad Barber is featured in this story about women and investments. Barber’s research has suggested that women are better investors than men due to more conservative trading practices.
Conservative investment practice and male overconfidence are aspects Professor Brad Barber’s research that suggest women are better investors than men overall. Barber surveyed over 35 thousand households and found that men traded 45% more often than their female counterparts.
Assistant Professor Olivier Rubel says naming a new city is not unlike a new product or service. Consumers’ perceptions, he said, are based on three factors – functionality, cost and psychological value. “You go to a party and you say you live in Arden Arcade; it’s not the same as saying you live in San Francisco,” Rubel said. “It immediately puts you on a social scale, especially when the notion of suburbia can be negative.”
Professor Brad Barber’s ground-breaking investment practice research delves into why women outperformed men in investments. Barber’s findings reveal that women’s risk-adjusted returns outpaced men by 1% annually, suggesting that the testosterone factor, a natural urge to best the other guy, is actually more detrimental to men than beneficial.
What causes amateurs to mistake themselves for Warren Buffett when they’re probably closer to Jimmy? One famous investigation of this phenomenon, by Brad Barber of the University of California, Davis, and Terrance Odean of the University of California, Berkeley, looked at the behavior of investors in the 1990s, just as many were jumping into online trading. “Barber and Odean cite several factors behind this change: Most notably, the investors attributed their successes to their own skill and believed they had more control over their stocks performance than they really did.
Major donations during the campaign quiet phase included the $10 million that Marcia and Maurice Gallagher Jr. gave to establish an endowment for the MBA program and name the building that houses the Graduate School of Management.
California Department of Financial Institutions Commissioner William Haraf, a visiting lecturer at the UC Davis Graduate School of Management and a panelist at the School’s Financial Crisis event in March, has been appointed to federal Financial Stability Oversight Council, which will hold its first meeting on Oct. 1 at the U.S. Treasury Department.
Why are Target and Walmart jumping into the grocery business? “Because they can,” said Olivier Rubel, assistant professor of marketing at the UC Davis Graduate School of Management. “They are super giants. They have the supply chain to allow them to bring the supplies into the store,” Rubel noted. “It’s a way to build up traffic and expand their market.”
A wine industry survey by Robert Smiley, professor emeritus at the UC Davis Graduate School of Management, found that California winemakers are once again bullish on the future of their industry and consumers have opportunities to purchase high-quality wines at discounted prices.
GSM Professor of finance Brad Barber participates in a video segment explaining the various affects of various traits on investment behaviors. “We came in thinking that men would trade more aggressively than women.,” Barber said. Barber’s study found that men traded 50% more frequently than women. “So, that’s consistent with this notion that men are more over confident than women.”