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Anticipation of Management Forecasts and Analysts’ Private Information Search

Altschuler, Dora - 2015

We examine how analysts' anticipation of a management forecast affects their search for private information. Analysts … publicly disclosed management forecast. However, this anticipation may also decrease analysts' efforts, because the information … in a management forecast could substitute for costly private information. We predict that higher costs (benefits) of …

Persistent link: https://www.econbiz.de/10013031704

Learning from the past : the role of personal experiences in artificial stock markets

Lenhard, Gregor - 2024

Recent survey evidence suggests that investors form beliefs about future stock returns by predominantly extrapolating their own experience: They overweight returns they have personally experienced while underweighting returns from earlier years and consequently expect high (low) stock market...

Persistent link: https://www.econbiz.de/10014490050

The importance of time series extrapolation for macroeconomic expectations

Roos, Michael W. M.; Schmidt, Ulrich - 2011

This paper presents a simple experiment on how laypeople form macroeconomic expectations. Subjects have to forecast …

Persistent link: https://www.econbiz.de/10009240694

Prediction as sport : the promise of prediction polls and markets

Kingsley, Jeremy - 2015

Persistent link: https://www.econbiz.de/10010488943

Distilling the wisdom of crowds : prediction markets vs. prediction polls

Atanasov, Pavel; Rescober, Phillip; Stone, Eric; Swift, … - In: Management science : journal of the Institute for … 63 (2017) 3, pp. 691-706

Persistent link: https://www.econbiz.de/10011656362

Explanations or advice : the impact of financial literacy on information acquisition behavior

Sprenger, Julia - 2016

The current study examines individual decision making in the fi eld of personal finance. How do people arrive at a financial decision? A laboratory experiment investigates the way external information is integrated into the decision making process. The objective is to explore the link between...

Persistent link: https://www.econbiz.de/10011514485

Individual and collective information acquisition : an experimental study

Reshidi, Pëllumb; Lizzeri, Alessandro; Yariv, Leeat; … - 2021

Many committees - juries, political task forces, etc. - spend time gathering costly information before reaching a decision. We report results from lab experiments focused on such information-collection processes. We consider decisions governed by individuals and groups and compare how voting...

Persistent link: https://www.econbiz.de/10012697146

Rationally inattentive preferences and hidden information costs

Oliveira, Henrique de; Denti, Tommaso; Mihm, Maximilian; … - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 2, pp. 621-654

We show how information acquisition costs can be identified using observable choice data. Identifying information costs from behavior is especially relevant when these costs depend on factors-such as time, effort, and cognitive resources-that are difficult to observe directly, as in models of...

Persistent link: https://www.econbiz.de/10011705099

Can there be a market for cheap-talk information? : an experimental investigation

Cabrales, Antonio; Feri, Francesco; Gottardi, Piero; … - 2018

This paper reports on experiments testing the viability of markets for cheap talk information. We find that the poor quality of the information transmitted leads to a collapse of information markets. The reasons for this are surprising given the previous experimental results on cheap-talk games....

Persistent link: https://www.econbiz.de/10011822038

Committees as active audiences : reputation concerns and information

Swank, Otto H.; Visser, Bauke - 2018

We study committees that acquire information, deliberate and vote. A member cares about state-dependent decision payoffs and about his reputation for expertise. The state remains unobserved, even after the decision has been taken. In such inconclusive environments, in equilibrium, a member's...

Persistent link: https://www.econbiz.de/10011895815