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Article
The Strategy of Professional Forecasting
Journal of Financial Economics (2006)
  • Marco Ottaviani, Northwestern University
  • Peter Norman Sørensen, University of Copenhagen
Abstract

Framework for modeling strategic behavior of professional forecasters: (1) Concern for perceived talent leads to excessive conformity if the market is naive and loss of information if the market is rational. (2) Competition for best accuracy leads to excessive forecast differentiation.

Publication Date
2006
Citation Information
Marco Ottaviani and Peter Norman Sørensen. "The Strategy of Professional Forecasting" Journal of Financial Economics Vol. 81 Iss. 2 (2006)
Available at: http://works.bepress.com/marco_ottaviani/3/