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Kormanyos, Emily; Hanspal, Tobin; Hackethal, Andreas - 2023

Previous studies document a relationship between gambling at the aggregate level and investments in securities with … lottery-like features. We combine data on individual gambling consumption with portfolio holdings and trading records to … examine whether gambling and trading act as substitutes or complements. We find that gamblers are more likely than average to …

Persistent link: https://www.econbiz.de/10013549653

Beyond connectivity: Stock market participation in a network

Balakina, Olga; Bäckman, Claes; Parakhoniak, Anastasiia - 2024

What are the aggregate and distributional consequences of the relationship between an individual's social network and financial decisions? Motivated by several well-documented facts about the influence of social connections on financial decisions, we build and calibrate a model of stock market...

Persistent link: https://www.econbiz.de/10014515204

Peer effects in stock market participation: Evidence from immigration

Girshina, Anastasia; Mathä, Thomas; Ziegelmeyer, Michael - 2019

This paper studies how peers' financial behaviour affects individuals' own investment choices. To identify the peer effect, we exploit the unique composition of the Luxembourg population and use the differences in stock market participation across various immigrant groups to study how they...

Persistent link: https://www.econbiz.de/10012389543

The misinformation effect in financial markets: An emerging issue in behavioural fianance

Polak, Mateusz - In: e-Finanse: Financial Internet Quarterly 8 (2012) 3, pp. 55-61

The following paper is a theoretical introduction of the misinformation effect to behavioural finance. The misinformation effect causes a memory report regarding an event or particular knowledge to become contaminated with misleading information from another source. The paper aims to describe...

Persistent link: https://www.econbiz.de/10011551375

Social interaction and stock market participation: Evidence from British panel data

Brown, Sarah; Taylor, Karl - 2010

This paper uses data from the British National Child Development Study to investigate the relationship between social interaction and participation in the stock market through holding stocks and/or shares at the individual level. In accordance with the existing literature, the results reveal...

Persistent link: https://www.econbiz.de/10010269759

Trusting the stock market

Haliassos, Michael; Reiter, Michael - 2005

We provide a new explanation to the limited stock market participation puzzle. In deciding whether to buy stocks, investors factor in the risk of being cheated. The perception of this risk is a function not only of the objective characteristics of the stock, but also of the subjective...

Persistent link: https://www.econbiz.de/10010298311

Scenario sampling for large supermodular games

Graham, Bryan S.; Pelican, Andrin - 2023

This paper introduces a simulation algorithm for evaluating the log-likelihood function of a large supermodular binary-action game. Covered examples include (certain types of) peer effect, technology adoption, strategic network formation, and multi-market entry games. More generally, the...

Persistent link: https://www.econbiz.de/10014480510

Single-Sex Schooling and Student Performance: Quasi-Experimental Evidence from South Korea

Link, Susanne - 2012

To obtain reliable estimates of the effects of single-sex education, I exploit the random assignment of students to single-sex and coeducational schools in South Korea. The results suggest that single-sex schooling is beneficial for girls in math, but has no effects for boys. Moreover,...

Persistent link: https://www.econbiz.de/10010312053

On the optimal allocation of students when peer effects are at work: tracking vs. mixing

Hidalgo-Hidalgo, Marisa - In: SERIEs - Journal of the Spanish Economic Association 2 (2011) 1, pp. 31-52

The belief that both the behavior and outcomes of students are affected by their peers is important in shaping education policy. I analyze two polar education systems -tracking and mixing- and propose several criteria for their comparison. I find that tracking is the system that maximizes...

Persistent link: https://www.econbiz.de/10010317108

Clean Evidence on Peer Pressure

Falk, Armin; Ichino, Andrea - 2003

While confounding factors typically jeopardize the possibility to use observational data to measure peer effects, field experiments offer the possibility to obtain clean evidence. In this paper we measure the output of four randomly selected groups of individuals who were asked to fill letters...

Persistent link: https://www.econbiz.de/10010261951