Active Trading and (Poor) Performance : The Social Transmission Channel
Individuals often invest actively and generate inferior returns. Social interactions might exacerbate this tendency, but the causal effect from peer effects on active trading are difficult to identify empirically. This paper exploits the exogenous...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/901281551966282262/Active-Trading-and-Poor-Performance-The-Social-Transmission-Channel http://hdl.handle.net/10986/31361 |