Keynes Fund Research - Financial decisions: information through social networks - C. Giannitsarou

Prof. Chryssi Giannitsarou discusses her Keynes Fund project: Financial Decisions: The Role of Information Through Social Networks and asks if when forming expectations and making financial decisions, economic agents use their social interactions to augment their information sets and learn from them.
While there is growing evidence on the importance of peer effects for subjective expectation formation and financial decision-making, disentangling empirically the information channel from other channels such as pure imitation, transfer of norms, herding, etc., is not straightforward.
Yet, this is important for assessing whether social networks mainly reduce information costs or spread aspects of financial culture through imitation and comparison. Prof. Chryssi Giannitsarou hypothesizes and tests whether and to what extent social networks are used for disseminating information relevant for expectations formation and financial decision-making.
Read the publication related to the project called "Informative Social Interactions", co-written with Luc Arrondel, Hector Calvo-Pardo, Michael Haliassos here:
doi.org/10.101...
Find out more about Prof. Chryssi Giannitsarou’s Keynes Fund project here:
www.keynesfund...
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