Project Title: Financial Decisions: The Role of Information Through Social Networks
PI: Dr Chryssi Giannitsarou (King's College)
Project Summary: When forming expectations and making financial decisions, do economic agents use their social interactions to augment their information sets and learn from them? The answer to this is important for assessing whether social networks mainly reduce information costs or spread aspects of financial culture through imitation and comparison. In this project, we hypothesize and test whether and to what extent social networks are used for disseminating information relevant for expectations formation and financial decision-making. This is done by exploiting a unique survey-based longitudinal dataset in France (Taylor Nelson-Sofres ‘Mode de vie des Français’ survey), the next wave if which takes place in September 2014.
Project Period: 01.09.2014-01.12.2016
Project Update - September 2015