Showing 1 - 3 of 3
In this paper we use a simultaneous equations model to examine the relationship between analysts' forecasting decisions …
Persistent link: https://www.econbiz.de/10010397439
This paper reports the results of 15 experimental asset markets designed to investigate the effect of optimistic forecast bias on market behavior. Each market is organized as a double oral auction in which participants trade a single-period asset with uncertain value. Traders are informed of the...
Persistent link: https://www.econbiz.de/10010397489
This study reports the results of fifteen experimental asset markets designed to investigate the effects of forecasts on market prices, traders' abilities to assess asset value, and the link between the two. Across the fifteen markets, the authors investigate alternative forecast-generating...
Persistent link: https://www.econbiz.de/10010397607