| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14840 |
| DP14840 Informative Social Interactions | |
| Luc Arrondel; Héctor Calvo Pardo; Chryssi Giannitsarou; Michael Haliassos | |
| 发表日期 | 2020-06-02 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Household finances are confidential and discussions are limited to a subset of peers. We collect representative survey data to examine whether interactions with inner and outer social circles influence return perceptions, expectations, and exposure to a widely known financial instrument in a developed economy with multiple information sources. Findings support the relevance of a small "financial circle". Perceived prevalence of information or participation in the financial circle improves expectation accuracy by improving accuracy of perceived past returns, and influences stock participation and exposure beyond expectations. Imitation of the outer circle, if present, is not based on return perceptions or expectations. |
| 主题 | Financial Economics |
| 关键词 | Information networks Social interactions Subjective expectations Peer effects Household portfolio choice |
| URL | https://cepr.org/publications/dp14840-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543774 |
| 推荐引用方式 GB/T 7714 | Luc Arrondel,Héctor Calvo Pardo,Chryssi Giannitsarou,et al. DP14840 Informative Social Interactions. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
