's presence. Monetary incentives reduce the average bias to one-third of its original value. Additionally, the average anchor bias … abilities are on average less biased toward the anchor when task complexity is high. The anchoring bias in our repeated game is …

behavioral working mechanisms have not yet been described. We thus put forth an exploratory experiment on the emergence and …

prior returns. This paper extends similar tests to examine management forecast characteristics. We find that, in contrast to … analyst forecast errors, management forecast errors cannot be predicted by prior returns or accruals. We also document that …

and all common-sized expenses except income tax, which they forecast pessimistically. Analysts are optimistic about both …

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

conduct panel data regressions. We show that the analysts' optimistic bias declined significantly after CSA rules, which …

systematically bias their earnings forecasts. Taken together, both drivers explain about 42% of the variability in earnings forecast …We predict and find that revisions are driven by the same determinants as forecast errors. In addition to the intuitive … downward revision to compensate for the initial induced forecast optimism …

forecast after observing the one produced by the algorithm (a condition found to mitigate algorithm aversion), the average …