Online Communities and Social Media -- Stock BBS Factor Model Using Principal Component Score -- How Consumer-Generated Advertising Works: An Empirical Agent-Based Simulation -- Understanding Citizens’ Channel Choice of Public Service Delivery: An Agent-Based Simulation Approach -- Cyclical...

This paper discusses the expectation formation process of Japanese stock market professionals and how their expectations are related to larger fluctuations of the TOPIX price than those of economic fundamentals. By utilizing a monthly forecast survey dataset on the TOPIX distributed by QUICK...