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Cited by 323

The DOI matches its Crossref record; 58 of the 58 references it cites were found in a registry or an index.

Peer Pressure: Social Interaction and the Disposition Effect

Heimer, Rawley Z.·2016·Review of Financial Studies
DOI 10.1093/rfs/hhw063
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Abstract

Social interaction contributes to some traders’ disposition effect. New data from an investment-specific social network linked to individual-level trading records builds evidence of this connection. To credibly estimate causal peer effects, I exploit the staggered entry of retail brokerages into partnerships with the social trading web platform and compare trader activity before and after exposure to these new social conditions. Access to the social network nearly doubles the magnitude of a trader’s disposition effect. Traders connected in the network develop correlated levels of the disposition effect, a finding that can be replicated using workhorse data from a large discount brokerage. Received September 8, 2015; accepted May 3, 2016 by Editor Stefan Nagel.

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Metadata

Authors
Heimer, R. Z.
Venue
Review of Financial Studies
Publisher
Oxford University Press (OUP)
Published
2016-07-20
Volume
29
Issue
11
Pages
3177-3209
ISSN
  • 0893-9454 (ISSN-L)
  • 1465-7368
DOI
10.1093/rfs/hhw063
OpenAlex
W3124359765
Cited by
323
References
58
FWCI
31.94
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Peer Pressure: Social Interaction and the Disposition Effect. https://app.cochat.ai/papers/10.1093/rfs/hhw063
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Heimer, R. Z. (2016). Peer Pressure: Social Interaction and the Disposition Effect. Review of Financial Studies. https://doi.org/10.1093/rfs/hhw063

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.