Social Transmission Bias in Economics and Finance

David Hirshleifer, Distinguished Professor of Finance, Merage Chair in Business Growth, UC Irvine

Join the CFP and UBS where Russ Wermers and David Hirshleifer discuss social transmission bias in economics and finance and how it affects social processes shaping economic thinking and behavior. David uses “fables” (models) to illustrate the novelty and scope of the transmission bias approach, and offers several emergent themes which can help explain booms, bubbles, return anomalies, and swings in economic sentiment.