valentijn

· 326 words · 2 minute read

Comments 🔗

  • Abstract: looks nice and to the point

    • But you can omit this: " the paper contributes to the limited existing literature by introducing new explanatory variables"

  • Acknowledgements maybe on separate page

  • Introduction:

    Consequently, monetary policies will not work on cryptocurrencies.

    • You mean there is just no authority and no possibility to conduct monetary policy

  • On p. 5, do you have any other limitations of the Zhao & Zhang study? Other than the ambiguity between direct and indirect investment

  • Might think about a lot of factors, e.g. cultural, but also different average level of wealth, demography, etc.

  • On p. 6, you should probably mention that you are engaging in a mediation analysis of peer effects, fin. literacy, and crypto investment.

  • The sentence that financial literacy is insignificant is very ad hoc and calls for a lot of questions

    • This paragraph deserves rewriting

  • Methodology: regression still not formulated entirely correctly

  • Control variables aren’t necessarily robustness checks

  • Possibly, robustness checks could be estimating OLS specifications rather than Logit models

To avoid data pollution, all missing values of this variable are removed, reducing the total observations to 2,640.

  • This is not fully necessary, since you only care about the presence of variables that you use in your analysis and not about other variables

  • There is also no time aspect in this study which makes one year of data sufficient

  • This is not an advantage, but rather a disadvantage

  • Relying on cross-sectional rather than panel data can cause many problems with selection into the treatment (i.e. financially literature people also have higher education, and higher education is responsible for increased crypto uptake)

  • You might also consider robustness checks that filter the data on a younger age cohort, and see if the effects are then stronger

  • Results: tables are very long, maybe better to ‘index’ some of the control variables (tables 2 & 3)

  • Why only introduce risk tolerance in section 4.3?

  • Good policy implications and reflections on the literature