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consensus values. Strategic coordination can consequently explain poor performances of prediction markets as resulting from the … behavioral working mechanisms have not yet been described. We thus put forth an exploratory experiment on the emergence and … robustness of coordination in a forecasting setting implementing contradictory incentives for accurate forecasts and coordination …
Persistent link: https://www.econbiz.de/10010254998
forecasting experiment, we find monetary incentives to substantially reduce and higher task complexity and risk to increase the …
Persistent link: https://www.econbiz.de/10013035246
Behavioral biases in forecasting, particularly the lack of adjustment from current values and the overall clustering of forecasts, are increasingly explained as resulting from the anchoring heuristic. Nonetheless, the classical anchoring experiments presented in support of this interpretation...
Persistent link: https://www.econbiz.de/10009777356
consensus values. Strategic coordination can consequently explain poor performances of prediction markets as resulting from the … behavioral working mechanisms have not yet been described. We thus put forth an exploratory experiment on the emergence and … robustness of coordination in a forecasting setting implementing contradictory incentives for accurate forecasts and coordination …
Persistent link: https://www.econbiz.de/10010333232
consensus values. Strategic coordination can consequently explain poor performances of prediction markets as resulting from the … behavioral working mechanisms have not yet been described. We thus put forth an exploratory experiment on the emergence and … robustness of coordination in a forecasting setting implementing contradictory incentives for accurate forecasts and coordination …
Persistent link: https://www.econbiz.de/10010954292
messages, on their credibility and on actual play. We run an experiment in a three-player coordination game with Pareto ranked …
Persistent link: https://www.econbiz.de/10010418867
Persistent link: https://www.econbiz.de/10011552469
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
We design a laboratory experiment to study behavior in a multidivisional organization facing a trade-off between … than predicted coordination in centralized organizations. We show that the observed deviations disappear when uncertainty …
Persistent link: https://www.econbiz.de/10011872542
We study forecast dispersion in a finite-player forecasting game modeled as an aggregate game with payoff externalities … forecast from the average forecast; and with a finite number of agents, the agents can strategically in influence that average … find that when each agent prefers to be close to the average forecast, the presence of strategic manipulation of the …
Persistent link: https://www.econbiz.de/10012972639