LARDIC, Sandrine; MICHALON, Karine; DOSSOU, François - In: Economics Bulletin 7 (2008) 11, pp. 1-20
The recent period has highlighted a well-known phenomenon, namely the existence of a positive bias in experts' anticipations. Literature on this subject underlines optimism in the financial analyst community. In this work, our significant contributions are twofold: we provide explanatory bias...
