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Just a short-lived glory? : the effect of China's anti-corruption on the accuracy of analyst earnings forecasts
Hou, Qingsong; Li, Weifang; Min Teng; Hu, May - In: The journal of corporate finance : contracting, … 76 (2022), pp. 1-25
Persistent link: https://www.econbiz.de/10013494272
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Predicting Public Corruption with Neural Networks : An Analysis of Spanish Provinces
López-Iturriaga, Félix J. - 2017
We contend that corruption must be detected as soon as possible so that corrective and preventive measures may be taken … public corruption based on economic and political factors. Unlike previous research, which is based on the perception of … corruption, we use data on actual cases of corruption. We apply the model to Spanish provinces in which actual cases of …
Persistent link: https://www.econbiz.de/10012942986
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Individual expectations and aggregate behavior in learning to forecast experiments
Hommes, Cars (contributor); Lux, Thomas (contributor) - 2008
Models with heterogeneous interacting agents explain macro phenomena through interactions at the micro level. We propose genetic algorithms as a model for individual expectations to explain aggregate market phenomena. The model explains all stylized facts observed in aggregate price fluctuations...
Persistent link: https://www.econbiz.de/10003777257
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Individual Expectations and Aggregate Macro Behavior
Assenza, Tiziana - 2011
The way in which individual expectations shape aggregate macroeconomic variables is crucial for the transmission and effectiveness of monetary policy. We study the individual expectations formation process and the interaction with monetary policy, within a standard New Keynesian model, by means...
Persistent link: https://www.econbiz.de/10013118974
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Improving Decisions With Market Information : An Experiment on Corporate Prediction Markets
Dianat, Ahrash - 2020
We conduct a lab experiment to investigate an important corporate prediction market setting: A manager needs …
Persistent link: https://www.econbiz.de/10012849972
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Individual Expectations and Aggregate Macro Behavior
Assenza, Tiziana - 2015
The way in which individual expectations shape aggregate macroeconomic variables is crucial for the transmission and effectiveness of monetary policy. We study the individual expectations formation process and the interaction with monetary policy, within a standard New Keynesian model, by means...
Persistent link: https://www.econbiz.de/10013036084
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Individual expectations and aggregate macro behavior
Assenza, Tiziana; Heemeijer, Peter; Hommes, Cars H.; … - 2013
Persistent link: https://www.econbiz.de/10010191431
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Bubbles, crashes and information contagion in large-group asset market experiments
Hommes, Cars H.; Kopányi-Peuker, Anita; Sonnemans, Joep - 2019
We experimentally investigate how price expectations are formed in a large asset market where subjects' only task is to forecast the future price of a risky asset. The realized prices depend on these expectations. We observe small (6 participants) and large markets (about 100 participants). In...
Persistent link: https://www.econbiz.de/10011979625
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Comovement and return predictability in asset markets : An experiment with two Lucas trees
Noussair, Charles - 2020
Using a laboratory experiment, we investigate whether comovement can emerge between two risky assets, despite their …
Persistent link: https://www.econbiz.de/10012847964
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Learning, Forecasting and Optimizing : An Experimental Study
Bao, Te; Duffy, John; Hommes, Cars H. - 2016
Rational Expectations (RE) models have two crucial dimensions: 1) agents correctly forecast future prices given all available information, and 2) given expectations, agents solve optimization problems and these solutions in turn determine actual price realizations. Experimental testing of such...
Persistent link: https://www.econbiz.de/10014172774