.png){kind=icon}
返回
Financial Analysts and the False Consensus Effect
.png){kind=icon}
PRE
AI
DOI：10.1111/1475-679X.12016.png)
.png){kind=icon}
原文求助.png){kind=icon}
分享.png){kind=icon}
收藏
摘要
En 中文
Social psychologists have documented a tendency for people to overestimate their similarity to others. I investigate whether financial analysts' forecast errors are consistent with this bias. I model the bias by assuming analysts overestimate the correlation of the private signals they receive about a firm's future earnings. Mymodel predicts a positive relationship between (i) the likelihood of an analyst's revised forecast being too close to his earlier forecast and (ii) the number of analysts issuing forecasts during the time interval between his two forecasts. I empirically confirm this prediction and consider several alternative explanations.
Keyword:
FORECAST REVISIONS
CAREER CONCERNS
PRICE
PERCEPTION
ACCURACY
MARKET
VOLUME
AI总结
对已上传原文的论文进行重点信息的提取，主要内容包括：简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。
期刊
IF:
6.3
论文数:
1.7K
被引数:
1.3W
机构
暂无机构信息
引用论文
Do investors respond to analysts' forecast revisions as if forecast accuracy is all that matters?.png)
ACCOUNTING REVIEW
ACCOUNTING REVIEWIF4.4
PREAI
分享收藏
分享收藏Volume, volatility, price, and profit when all traders are above averageJOURNAL OF FINANCE
JOURNAL OF FINANCEIF9.5
PREAI
分享收藏
查看更多内容