Analyzing the impact of social media on the trading behavior of retail investors
Type
conference speech
Date Issued
2024-12-14
Author(s)
Abstract
The purpose is to investigate the causal relationship between social media attention and retail investors trading behavior. Using data from WallstreetBets to measure social media attention and from the online brokerage Robinhood to track trading activities, a potential outcomes framework is applied to evaluate the impact of social media on investors' trading behavior. The causal estimation strategy allows for the analysis of the extent to which social media influences retail trading patterns.
Language
English