Informative social interactions

Arbeitspapier

We design, field and exploit survey data from a representative sample of the French population to examine whether informative social interactions enter households'stockholding decisions. Respondents report perceptions about their circle of peers with whom they interact about financial matters, their social circle and the population. We provide evidence for the presence of an information channel through which social interactions influence perceptions and expectations about stock returns, and financial behavior. We also find evidence of mindless imitation of peers in the outer social circle, but this does not permeate as many layers of financial behavior as informative social interactions do.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IMFS Working Paper Series ; No. 136

Classification and Topics

• Classification: Wirtschaft ; Consumer Economics: Empirical Analysis ; Search; Learning; Information and Knowledge; Communication; Belief; Unawareness ; Expectations; Speculations ; Portfolio Choice; Investment Decisions ; Classification Discontinued 2008. See C83.
• Subject: Information networks ; Social interactions ; Subjective expectations ; Peer effects ; Portfolio choice

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Arrondel, Luc ; Calvo-Pardo, Hector ; Giannitsarou, Chryssi ; Haliassos, Michael
• Event: Veröffentlichung
• (who): Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS)
• (where): Frankfurt a. M.
• (when): 2019

Further information

• Handle: http://hdl.handle.net/10419/209141
• URN: urn:nbn:de:hebis:30:3-529577
• Last update: 10.03.2025, 11:44 AM CET