Information Diffusion Effects in Individual Investors' Common Stock Purchases: Covet Thy Neighbors' Investment Choices

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Peer Pressure: Social Interaction and the Disposition Effect (2016, neutral): “Instead, studies of social interaction and household finances have been limited to a search for evidence of information transmission (e.g., Duflo and Saez (2003) and Li (2014)) via correlated decision-making (e.g., Ivković and Weisbenner (2007)).”
Trust Busting: The Effect of Fraud on Investor Behavior (2018, positive): “In addition to the direct effect of a shock to trust on Madoff victims, we draw on evidence that social connections and geographic proximity influence investment behavior (Hong, Kubik, and Stein, 2005; Ivković and Weisbenner, 2007; Pool, Stoffman, and Yonker, 2014) to hypothesize that other investor”
Geographic Dispersion and Stock Returns (2012, neutral): “Social interaction among investors is shown to be important for investment decisions by Grinblatt and Keloharju (2001), Hong, Kubik, and Stein (2004, 2005), Ivković and Weisbenner (2007), and Brown, Ivković, Weisbenner, and Smith (2008).”
Widespread Worry and the Stock Market (2010, neutral): “The anomalous gyrations of the stock market have been explained by network effects (Ivkovic and Weisbenner 2007; Scherer and Cho 2003) (i.”