Costly information acquisition, social networks, and asset prices : experimental evidence

• المؤلفون الرئيسيون: Halim, Edward, Riyanto, Yohanes Eko, Roy, Nilanjan
• مؤلفون آخرون: School of Social Sciences
• التنسيق: مقال
• اللغة: English
• منشور في: 2020
• الموضوعات: Social sciences::Economic theory; Social Networks; Asset Prices
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/142871
• المؤسسة: Nanyang Technological University

We design an experiment to study the implications of information networks for incentives to acquire costly information, market liquidity, investors' earnings, and asset price characteristics in a financial market. Social communication crowds out information production as a result of an agent�...