Social Media, Influencers, and Investors
From being too overconfident when picking stocks to anchoring on a low number when buying a car - Guggenmos and Rennekamp illustrate the common biases that individuals face and connect these to managerial decisions. They also discuss their newly coined term I-FOMO, Investor Fear of Missing Out, which is used to assess how changing investor communication practices are impacting everyday investors. Professor Ryan Guggenmos and Professor Kristina Rennekamp (MS '11 and PhD '12) introduce the field of behavioral accounting by discussing the common biases that individuals, investors, managers, and regulators face when making decisions. Links from the Episode at presentvaluepod.com Faculty Profiles: Johnson - Ryan Guggenmos / Johnson - Kristina Rennekamp SSRN Research Profiles: Ryan Guggenmos / Kristina Rennekamp I-FOMO Paper: Mobile Devices and Investment Apps: The Effects of Information Release, Push Notification and the Fear of Missing Out (I-FOMO) Guggenmos Video Lecture: The Impact of Innovation and Technology on Accounting and Accounting Research Poets and Quants: 2017 Best 40 Under 40 Profile: Kristina Rennekamp