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Thought and Behavior Contagion in Capital Markets
[chapter]
2009
Handbook of Financial Markets: Dynamics and Evolution
Prevailing models of capital markets capture a limited form of social influence and information transmission, in which the beliefs and behavior of an investor affect others only through market price, information transmission and processing is simple (without thoughts and feelings), and there is no localization in the influence of an investor on others. In reality, individuals often process verbal arguments obtained in conversation or from media presentations, and observe the behavior of others.
doi:10.1016/b978-012374258-2.50005-1
fatcat:muqitjwxmnhhvd4ej5wvusr24y