status quo bias. We evaluated interest rate forecast series from twelve industrial nations. This revealed that, on average …Status quo bias is a systematic cognitive error which makes it difficult for individuals to make decisions …, forecasts were much too close to the status quo - the current interest rate at the time when the forecast was made. With the aid …

-year forecast error. Our findings in the Saudi financial market reveal a tendency for overreaction to positive prior-year earnings … change (good performance) and positive prior-year forecast errors (good surprise). Conversely, there is an underreaction to … the negative prior-year earnings change (bad performance) and negative prior-year forecast error (bad surprise). Notably …

groups more than forecasts by laypeople; I observe a home bias in all subject groups, which can be mitigated by information … signals; all subject groups expect lower forecast errors for financial professionals than for laypeople, hence I also find …

Using a value-weighted rather than an equally weighted regression, Easton and Sommers (2007) show that the upward bias … significant. In this paper, we argue that any estimation of a forward risk premium implies a joint test of analysts' optimism and … that the impact of any bias attributable to analysts' forecasts can be reduced to a statistically insignificant 0 …