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:
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