Bonetto, Federico; Cheriyan, Vinod; Kleywegt, Anton J. - In: Journal of risk and financial management : JRFM 11 (2018) 1, pp. 1-41
forecasting future price changes, and the nature of their confidence when price changes are forecast, determine whether price … involving multiple investors who participated in a market for a virtual asset. Our goal is to study investors’ forecast … forecast formation to the observed data. There is strong evidence that the investors forecast future prices by extrapolating …