Hogarth and einhorn (1992) document that, under uncertain conditions, people are affected by recency effect in their devision making. Other study finds that knowledge minimizes decision maker's bias (Dilla and Steinbart, 2005). We combine the ideas from the two previous studies by examining...

This study discusses about technical analysis signal and earnings-announcements timing. Technical analysis signal is used to capture price reaction around earnings announcements. Technical analysis is selected because it is competing information to fundamental information (Flanegin and Rudd...