objectives: (1) to analyze the impact of social communication on asset pricing, agents' trading behavior and welfare, and (2) to … examine how traders' changing confidences resulted from communication affect asset pricing and trading behavior.Chapter 2 … activity in financial markets. Yet, a growing literature documents that social communication affects individual trading …

of individual trading behavior on the micro level. These datasets represent the limit of market microstructure … the development of advanced econometric techniques for the characterization of individual trading behavior on the basis of … complex trading activity datasets. Herein, three stand-alone papers address different aspects of individual trading behavior …

schemes have different effects on trading behavior: traders make more transactions but of a smaller size under the threshold …

, are often plagued by a continuum of equilibria. This paper incorporates heterogeneous trading behavior of agents into the … that exists under homogeneous trading behavior. We show that this equilibrium differs from equilibria obtained through …

trading data and portfolio holdings. We find that investor beliefs have little predictive power for immediate trading behavior …