Amélie Gros

We don’t have enough information about this author to calculate their statistics. If you think this is an error let us know.
Learn More
A common empirical finding is that mutual fund managers do not maintain their performance. I show that social interactions can explain this fact. To do so, I introduce word-of-mouth communication within a rational-expectations equilibrium model. In my model, a “crowd” of managers meet at random times and exchange ideas. This novel form of learning(More)