Du, Ning; Budescu, David V.; Shelly, Marjorie K.; Omer, … - In: Organizational Behavior and Human Decision Processes 114 (2011) 2, pp. 179-189
Prior findings suggest managers often choose ranges to communicate uncertainty in future earnings. We analyzed earnings forecasts over 11 years and find higher earnings uncertainty firms are more likely to choose range estimates. We study investors' attitudes to forecast precision and argue...
