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Price formation in markets with trading delays

Pinter, Gabor; Üslü, Semih - 2023

Persistent link: https://www.econbiz.de/10014330115

The value of and demand for diverse news sources

Calford, Evan M.; Chakraborty, Anujit - 2023

We study the value of and the demand for instrumentally-valuable information in a simple decision environment where signals are transparently polarized. We find that in both information aggregation and acquisition, subjects use sophisticated heuristics to counter the polarization in signals....

Persistent link: https://www.econbiz.de/10014245175

Does Uncertainty Boost Overconfidence? The Case of Financial Analysts’ Forecasts

Bessière, Véronique - 2014

relationship between forecast revisions and forecast errors. When analysts excessively integrate information in their revisions (i ….e. overreact), their forecast revisions are too intense, and the converse occurs when they underreact. As a proxy for uncertainty … sample using analyst forecast dispersion as a proxy for uncertainty and obtain similar results. We also document the fact …

Persistent link: https://www.econbiz.de/10013059109

Sticky stock market analysts

Filiz, Ibrahim; Judek, Jan René; Lorenz, Marco; … - In: Journal of risk and financial management : JRFM 14 (2021) 12, pp. 1-27

future. In addition, we draw on some contemporary measures of forecast quality (prediction-realization diagram, test of …

Persistent link: https://www.econbiz.de/10012799168

Noise in Expectations : Evidence from Analyst Forecasts

de Silva, Tim; Thesmar, David - 2021

This paper quantifies the amount of noise and bias in analysts' forecast of corporate earnings at various horizons. We …' information advantage over statistical forecasts. We find the information advantage is constant across forecasting horizons, while …

Persistent link: https://www.econbiz.de/10013243297

Updating great expectations : the effect of peer salary information on own-earnings forecasts

Jones, Sam; Santos, Ricardo - 2020

How jobseekers set their earnings expectations is central to job search models. To study this process, we track the evolution of own-earnings forecasts over 18 months for a representative panel of university-leavers in Mozambique and estimate the impact of a wage information intervention. We...

Persistent link: https://www.econbiz.de/10012301814

The impact of news on US household inflation expectations

Chao, Shih-Kang; Härdle, Wolfgang; Sheen, Jeffrey R.; … - 2017

Analysis of monthly disaggregated data from 1978 to 2016 on US household in ation expectations reveals that exposure to news on in ation and monetary policy helps to explain in ation expectations. This remains true when controlling for household personal characteristics, their perceptions of the...

Persistent link: https://www.econbiz.de/10011657291

Consumer Forecast Revisions : Is Information Really so Sticky?

Binder, Carola - 2017

Previous studies using consumer survey data on inflation expectations find that consumers revise their inflation forecasts approximately once every eight months, suggesting that information is quite "sticky." However, in the consumer survey data analyzed, respondents take the survey twice with a...

Persistent link: https://www.econbiz.de/10012947874

Some cross-country evidence on information rigidity in inflation forecasts

Miah, Fazlul; Al-Titi, Omar; Wane, Abdoul - In: Cogent economics & finance 11 (2023) 1, pp. 1-22

gathering picking up during the recession period. We also find that forecast revisions depend on both own country and cross …-country lagged revisions. Therefore, one source of information rigidity is not to incorporate overseas events in forecast revisions …

Persistent link: https://www.econbiz.de/10014500886

Have you heard the news? : how real-life expectations react to publicity

Wiel, Karen van der - 2009

As evidence is accumulating that subjective expectations influence behavior and that these expectations are sometimes biased, it becomes policy-relevant to know how to influence individuals' expectations. Information in the media is likely to affect how people picture the future. This paper...

Persistent link: https://www.econbiz.de/10003824962