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Hector  CALVO-PARDO (U. Southampton) – "Informative Social Interactions"

March 13, 2019 @ 12:15 am - 1:30 pm

CREST Microeconomics Seminar : 

Time: 12:15 pm – 1:30pm
Date: 13th March 2019
Place: Room 3001.
Hector  CALVO-PARDO (U. Southampton) – “Informative Social Interactions”


We design, …eld 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 infuence
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.

Roxana Fernandez Machado (CREST), Marie Laure Allain (CREST), and Linda Schilling (CREST)
Lunch registration:
food provided, no registration needed