Olszewski, Wojciech; Sandroni, Alvaro - In: Econometrica 76 (2008) 6, pp. 1437-1466
The difficulties in properly anticipating key economic variables may encourage decision makers to rely on experts' forecasts. Professional forecasters, however, may not be reliable and so their forecasts must be empirically tested. This may induce experts to forecast strategically in order to...