Home » Meet YINS, 4/22/15," Understanding Mechanisms Underlying Peer Effects: Evidence from a Field Experiment on Financial Decisions"
Meet YINS, 4/22/15," Understanding Mechanisms Underlying Peer Effects: Evidence from a Field Experiment on Financial Decisions"
Meet YINS, 4/22/15," Understanding Mechanisms Underlying Peer Effects: Evidence from a Field Experiment on Financial Decisions"
Talk Summary:
Using a high-stakes field experiment conducted with a financial brokerage, we implement a novel design to separately identify two channels of social influence in financial decisions, both widely studied theoretically. We find that both social learning and social utility channels have statistically and economically significant effects on investment decisions.
Speaker:
Florian Ederer
Assistant Professor in Economics at the Yale School of Management, affiliated faculty member of the Department of Economics, and research staff member of the Cowles Foundation
Bio:
Professor Ederer’s research interests include organizational economics, contract theory, and the economics of innovation and experimental economics, particularly focusing on how firms design compensation and performance evaluation schemes to motivate workers.
