Attracting attention from peers: Excitement in social trading

Matthias Pelster

Journal of Economic Behavior & Organization, 2019, vol. 161, issue C, 158-179

Abstract: I study the impact of peers showing interest in investors’ trading on the latters’ future trading activities. To this end, I investigate the trading patterns of investors who attract attention of their peers on a social trading platform. My empirical findings suggest that social traders who draw attention of their peers show an increased trading activity and are more willing to take risks. This finding may be explained by investors becoming more excited about trading once they receive attention from their peers.

Keywords: Social interaction; Excitement; Emotions; Investor behavior; Trading activity (search for similar items in EconPapers)
JEL-codes: G11 G12 G14 G15 H31 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:161:y:2019:i:c:p:158-179

DOI: 10.1016/j.jebo.2019.03.010

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