Search Conferences

Type in any word, words or author name. This searchs through the abstract title, keywords and abstract text and authors. You may search all conferences or just select one conference.


 All Conferences
 EMAC 2019 Annual Conference
 EMAC 2020 Annual Conference
 EMAC 2020 Regional Conference
 EMAC 2021 Annual Conference
 EMAC 2021 Regional Conference
 EMAC 2022 Annual
 EMAC 2022 Regional Conference
 EMAC 2023 Annual
 EMAC 2023 Regional Conference
 EMAC 2024 Annual
 EMAC 2024 Regional Conference

EMAC 2024 Annual


Greed in Cryptocurrencies: How other people’s motives influence financial decision-making.
(A2024-119837)

Published: May 28, 2024

AUTHORS

Konstantin Pikal, LUISS Guido Carli; Deniz Lefkeli, LUISS Guido Carli University; Francisco Villarroel Ordenes, Assistant Professor / LUISS Guido Carli University

ABSTRACT

The dissatisfaction of not having enough or “greed,” has long been said to be a crucial motive in consumer financial decision-making. In this research, we explore whether greedy motives in social media chatter have an impact on the diffusion of cryptocurrencies (i.e., new addresses on the blockchain). Using text-mining in a dataset of 333,765 tweets, spanning a timeframe from 2013 to 2022, we are able identify greedy speech about cryptocurrencies and associate it with their weekly diffusion. By modelling the effect of greedy speech on new addresses on the blockchain we find that it has a significant and substantial impact on the diffusion of a variety of cryptocurrencies.