Showing 1 - 10 of 11,449
Investors' forecasting behavior affects their trading decisions and the resulting asset prices. It has been shown in … the literature how different, apparently reasonable investor forecasting behaviors can lead to qualitatively different … calibrated forecasting models of all participants were consistent with dynamical systems that exhibit price bubbles and cycles …
Persistent link: https://www.econbiz.de/10013057624
financial traders individually learn how to use forecasting and/or trading anchor-and-adjustment heuristics by updating them …
Persistent link: https://www.econbiz.de/10011956452
Using a laboratory experiment, we investigate whether comovement can emerge between two risky assets, despite their fundamentals not being correlated. The ‘Two trees' asset pricing model developed by Cochrane et al. (2007) guides our experimental design and its predictions serve as our source...
Persistent link: https://www.econbiz.de/10012847964
We investigate various statistical methods for forecasting risky choices and identify important decision predictors … three seconds of lottery-information processing. The results of our forecasting experiment show that choice-process data can … effectively be used to forecast risky gambling decisions; however, we find large differences among models’ forecasting …
Persistent link: https://www.econbiz.de/10011964372
forecasting risky 50/50 gambling decisions using different types of machine learning algorithms as well as traditional choice … relevant information for predicting gambling decisions, but we do not find forecasting accuracy to be substantially affected by … adding SCPMs to standard choice data. Instead, our results show that forecasting accuracy highly depends on differences in …
Persistent link: https://www.econbiz.de/10012427354
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information approach outperforms alternative forecasting methods in terms of forecast accuracy. -- Forecasting ; aggregation …This paper proposes a new method of forecasting euro area quarterly real GDP that uses area-wide indicators, which are …
Persistent link: https://www.econbiz.de/10003749431
This paper examines how and to what extent parameter estimates can be biased in a dynamic stochastic general equilibrium (DSGE) model that omits the zero lower bound constraint on the nominal interest rate. Our experiments show that most of the parameter estimates in a standard sticky-price DSGE...
Persistent link: https://www.econbiz.de/10013076931
Persistent link: https://www.econbiz.de/10000877906
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