TY  - UNPD
A1  - Arrondel, Luc
A1  - Calvo-Pardo, Hector
A1  - Giannitsarou, Chryssi
A1  - Haliassos, Michael
T1  - Informative social interactions
T2  - Working paper series / Institute for Monetary and Financial Stability ; 136
N2  - We design, field and exploit survey data from a representative sample of the French population to examine whether informative social interactions enter householdsístockholding decisions. Respondents report perceptions about their circle of peers with whom they interact about Önancial matters, their social circle and the population. We provide evidence for the presence of an information channel through which social interactions ináuence 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.
T3  - Working paper series / Institute for Monetary and Financial Stability - 136 
KW  - information networks
KW  - social interactions
KW  - subjective expectations
KW  - peer effects
KW  - portfolio choice
Y1  - 2019
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/52957
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-529577
UR  - https://www.imfs-frankfurt.de/fileadmin/user_upload/IMFS_WP/IMFS_WP_136.pdf
PB  - Johann Wolfgang Goethe-Univ., Inst. for Monetary and Financial Stability
CY  - Frankfurt am Main
ER  -