Resum
Using data from a social-trading platform in which users allocate funds to investment "gurus" by following them, we identify a group of followers who systematically make following decisions that generate higher-than-average returns and maintain a higher-than-average investment portfolio consistently over time. The oracle followers strategy generates higher returns than other investment strategies such as following a the most popular gurus or following gurus randomly. We find that oracle are more diverse followers, make following decisions more frequently and have a longer life-time in the platform.
Idioma original | Anglès |
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Estat de la publicació | Publicada - 7 de juny 2023 |
Esdeveniment | 45th ISMS Marketing Science Conference 2023 - Miami Durada: 7 de juny 2023 → 10 de juny 2023 |
Conferència
Conferència | 45th ISMS Marketing Science Conference 2023 |
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Ciutat | Miami |
Període | 7/06/23 → 10/06/23 |