By using a survey and a pre-registered incentivized experiment, we provide evidence on the role of hype and social preferences on crypto investing. Our survey shows that crypto investors are more likely to be influenced by hype (i.e., recommendations from (social) media or word of mouth) and exhibit lower social preferences.
Our experiment helps us establish causal relationships: the hype treatment increased the crypto investment amount, while the social treatments (i.e., information on crypto's environmental impact and association with illegal activities) decreased the amount invested. Overall, our study helps to understand what has encouraged and hampered crypto investing.
Alberta Di Giuli is Dean of ESCP Turin Campus and Professor of Finance at ESCP Business School. She was previously based at ESCP Paris Campus from 2011 to 2023. Prof Di Giuli has held several prominent positions within the ESCP Business School, including Head of the Finance Department from 2020 to 2022.
She is a Research Member at the ECGI (European Corporate Governance Institute).
Her research focuses on ESG, Climate Finance, Corporate Governance, Media Coverage, and Political Connections.
Professor Di Giuli received her MSc cum laude in Business Administration, majoring in Finance, and her PhD from Bocconi University.
She has presented her research at numerous major academic and practitioner conferences. Her work has been published in journals such as the Journal of Financial Economics and the Journal of Financial Intermediation.
The seminar will be held in English.
Major Information: Giulia Baschieri (giulia.bascheri@unibo.it).