Plausibly Exogenous [682] - Nature of Information (12/01/2021)
LHS Variable
Fund investment
RHS Variable
Nature of information
Source of Exogenous Variation
Pandemic-triggered lockdown that has hampered people's physical interactions, hence the ability to collect, process, and transmit soft information
- Bai and Massa (2021), “Is Hard and Soft Information Substitutable? Evidence from Lockdown”