This chapter develops a unified modeling framework for analyzing the strategic behavior of forecasters. The theoretical model encompasses reputational objectives, competition for the best accuracy, and bias. Also drawing from the extensive lit- erature on analysts, we review the empirical evidence on strategic forecasting and illustrate how our model can be structurally estimated.

Forecasters’ objectives and strategies

OTTAVIANI, MARCO M.;
2013

Abstract

This chapter develops a unified modeling framework for analyzing the strategic behavior of forecasters. The theoretical model encompasses reputational objectives, competition for the best accuracy, and bias. Also drawing from the extensive lit- erature on analysts, we review the empirical evidence on strategic forecasting and illustrate how our model can be structurally estimated.
9780444627322
Graham Elliott and Allan Timmermann
Handbook of Economic Forecasting
I., Marinovic; Ottaviani, MARCO M.; P. N., Sorensen
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11565/3788108
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