Information diffusion effects in individual investors' common stock purchases covet thy neighbors' investment choices
We study the relation between households' stock purchases and stock purchases made by their neighbors. A ten percentage point increase in neighbors' purchases of stocks from an industry is associated with a two percentage point increase in households' own purchases of stocks from that...
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Format: | UnknownFormat |
Sprache: | eng |
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Cambridge, Mass.
National Bureau of Economic Research
2007
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Schriftenreihe: | NBER working paper series
13201 |
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