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.
File in questo prodotto:
Non ci sono file associati a questo prodotto.
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
