This study analyzes investors' perception of placebic information and its impact on stock price estimates. We initiate … show that placebic information increases the perceived amount of relevant information. Individual participants …' characteristics, such as gender, financial knowledge or overconfidence, do not affect these findings. Placebic information does not …

We study a model in which individual agents use simple linear first order price forecasting rules, adapting them to the … parsimonious experimental foundation of individual forecasting behaviour; (2) an explanation of individual and aggregate behavior … in four different experimental settings, (3) improved one-period and 50-period ahead forecasting of lab experiments, and …

financial traders individually learn how to use forecasting and/or trading anchor-and-adjustment heuristics by updating them …

We report on an experiment testing the empirical relevance of least squares (LS) learning, a common way of modelling …

experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition …This paper studies the influence of information on entry choices in a competition with a controlled laboratory … productivity. Information on the opponent is a promising nudge to raise individuals' awareness towards the complexity of the …

Good information is required for policy analysis and forecasting. This paper reviews the broad range of information …

private agents - who have different information sets about the future sequence of short-term interest rates.We analyse … central bank has imperfect knowledge and has to learn the private sector forecasting rule for short-term interest rates.In the …

of an iid random variable. We set up a laboratory experiment where the participants act as forecasters predicting the … their central tendencies. As is standard in survey measures, the subjects in our experiment must report their best guess of … the experiment are based on a percentile while almost 60% are based on a numerical value. …