Predictive Behavior Experimental Study by Brennscheidt Gunnar (6 results)
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Taschenbuch. Condition: Neu. Druck auf Anfrage Neuware - Printed after ordering - This book describes a series of laboratory experiments (witha total of 167 independent subjects) on forecastingbehavior. In all experiments, the time series to beforecasted was generated by an abstract econometric modelinvolving two or three artifi…cial exogenous variables. Thisdesignprovides an optimal background for rationalexpectations and least-squares learning. As expected, thesehypotheses do not explain observed forecasting behaviorsatisfactorily. Some phenomena related to this lack ofrationality are studied: Concentration on changes ratherthan levels,underestimation of changes and overvaluation ofvolatile exogenous variables. Some learning behavior isobserved. Finally, some aspects of individual forecasts suchas prominence of 'round' number, dispersion, etc.,arestudied.
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Taschenbuch. Condition: Neu. Predictive Behavior | An Experimental Study | Gunnar Brennscheidt | Taschenbuch | Lecture Notes in Economics and Mathematical Systems | vi | Englisch | 1993 | Springer | EAN 9783540573111 | Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg, juergen[dot]hartm…ann[at]springer[dot]com | Anbieter: preigu Print on Demand.
