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You may now call me Doc

The other day I essentially completed my journey toward earning a PhD in Behavioral Finance focused on retail trader performance.

Well, I’m not sure what the timing is in terms of when the degree is officially conferred, but effectively it’s a done deal. I’m a freshly minted PhD. 🙂

PhD

On Monday I was back in Exeter doing what they call “viva” in UK academic terms. It’s roughly equivalent to what would be referred to in the US as a doctoral defense. Basically, I met with my two examiners – one from the Exeter faculty (internal) and one from another university (external) – in this case from the University of Reading. They received copies of my thesis shortly after I submitted in in early October, reviewed it, then discussed their views on it between themselves.

By the way, the title of my thesis is:

Trader Leverage Use and Social Interaction:

The Performance Implications of Overconfidence and Social Network Participation on Retail Traders

The viva was basically me talking about the thesis with them. I was asked to do about a 5 minute summary and then we went over the full document. They asked questions about the theory that went into it and the analytic methods I used, and pointed out a handful of minor issues. I then left the room for a couple minutes as they conferred.

When I was called back in, they shook my hand and congratulated me. The official result is I’ve been awarded my doctorate subject to completion of minor corrections to the thesis. Yesterday I was provided a list of those corrections (they really are minor) by the internal examiner. I’ll get an official letter shortly with the same details. Once I’ve made the corrections, I’ll have to submit the final thesis along with a letter outlining the corrections I made to my supervisor and that will basically complete the process.

And so ends 3+ years of struggle and strain!

As I’ve talked about before, I want to turn my work – and/or an extension thereof – into a practical book for traders.

By John

Author of The Essentials of Trading

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