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We compare the performance of financial professionals (CFAs) with university students in four financial forecasting tasks ranging from simple lab prediction tasks to longitudinal field tasks. Although students and professionals performed similarly in the artificial forecasting tasks, their...
Persistent link: https://www.econbiz.de/10012880037
that while participants exhibit overconfidence bias, this can be alleviated by information provision and that the effect of …
Persistent link: https://www.econbiz.de/10012847379
We compare the performance of financial professionals (CFAs) with university students in four financial forecasting tasks ranging from simple lab prediction tasks to longitudinal field tasks. Although students and professionals performed similarly in the artificial forecasting tasks, their...
Persistent link: https://www.econbiz.de/10013297837
We investigate how individuals use measures of apparent predictability from price charts to predict future market prices. Subjects in our experiment predict both random walk times series, as in the seminal work by Bloomfied and Hales (2002) (BH), and stock price time series. We successfully...
Persistent link: https://www.econbiz.de/10013404042
a nudge promoting a social norm of exerting one’s best forecast effort and document its impact on the forecasting … that nudging reduces forecast herding, and leads to a less biased, more accurate, and more representative consensus … forecast. However, the effects of nudging depend on forecasters’ commitment to the forecasting task as only committed …
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