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Dr Chryssi Giannitsarou

Chryssi Giannitsarou

Title of research: Learning, Networks and Stock Market Participation

Recent empirical literature documents that relative to middle-aged investors, young agents are broadly uninformed about stock market performance and tend to be agnostic about future stock market returns. This suggests a clear link between age, the information used to form subjective expectations about future stock market performance and stock market participation. This research programme provides a theoretical framework that is consistent with these findings whereby agents start their lives with no information about the stock market. As young agents grow older, they accumulate information in two ways: by participating in the stock market and by social interactions, which they use to update their beliefs about stock market performance, in line with the evidence.

Research Update - Report March 2016

Research Update - Report September 2015

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Research Update - Report 2014

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CERF Scholarship competition 2021 - Now Open

Nov 18, 2020

For the seventh year, Cambridge Endowment for Research in Finance is offering a scholarship scheme. Applications are invited for doctoral funding starting in October 2021. Funding is for up to 3 years and includes university and college fees and an allowance for accommodation and living expenses.

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