Presidential Address: Social Transmission Bias in Economics and Finance

Volume: 75, Issue: 4, Pages: 1779 - 1831
Published: Aug 1, 2020
Abstract
I discuss a new intellectual paradigm, social economics and finance—the study of the social processes that shape economic thinking and behavior. This emerging field recognizes that people observe and talk to each other. A key, underexploited building block of social economics and finance is social transmission bias: systematic directional shift in signals or ideas induced by social transactions. I use five “fables” (models) to illustrate the...
Paper Details
Title
Presidential Address: Social Transmission Bias in Economics and Finance
Published Date
Aug 1, 2020
Volume
75
Issue
4
Pages
1779 - 1831
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