Recent empirical studies suggest that social networks, according to which communication
takes place, have significant impact on traders' financial decision-making process. Motivated …

In this paper, I provide empirical evidence that an analyst working in Germany is more likely
to publish a high (low) price target regarding a DAX30 stock when other Germany based …

In this paper, I analyze reciprocal social influence on investment decisions in an
international group of roughly 2,000 mutual fund managers who invested in companies in …

A growing empirical literature documents that social communication affects individual trad5
ing behavior and market trading patterns in financial markets. Motivated by this evidence, I …

I study a model in which traders buy information from a monopolistic seller which is later
used to trade in the financial market. My model is based on the single-period version of Kyle …

In this paper, I analyse the reciprocal social influence on investment decisions within an
international group of roughly 2000 mutual fund managers that invested in companies of the …

Recent empirical studies suggest that social networks impact investors' financial
decisionmaking process. Motivated by this evidence, we propose a rational expectations …

Standard rational expectations models assume away direct communication among
speculative traders and resort to psychological traits such as traders' overconfidence in …