| 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 | 2022-03-26 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | Household finances are confidential and discussions are limited to a subset of peers. We collect novel representative survey data to examine separately whether interac- tions 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. We find that a respondent’s connectedness, proxied by perceived prevalence of information or participation in the small financial circle, improves expectation accuracy indirectly, through boosting accuracy of perceived past returns; and influences stock participation and exposure not only by influencing expectations, but also directly. |
| 主题 | Financial Economics |
| 关键词 | Information networks Social interactions Subjective expectations Peer effects Household portfolio choice |
| URL | https://cepr.org/publications/dp14840-2 |
| 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/546126 |
| 推荐引用方式 GB/T 7714 | Luc Arrondel,Héctor Calvo Pardo,Chryssi Giannitsarou,et al. DP14840 Informative Social Interactions. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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