Forecasters' Objectives and Strategies

Iván Marinovic; Marco Ottaviani; Peter Norman Sørensen

doi:10.1016/B978-0-444-62731-5.00012-9

Forecasters' Objectives and Strategies

Iván Marinovic, Marco Ottaviani, Peter Norman Sørensen

Department of Economics

13 Citations (Scopus)

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.

Translated title of the contribution	Målsætninger og strategier hos fremskrivere
Original language	English
Title of host publication	Handbook of Economic Forecasting
Editors	Graham Elliott, Allan Timmermann
Volume	2B
Publisher	North-Holland
Publication date	2013
Pages	689–720
Chapter	12
ISBN (Print)	978-0-444-62731-5
ISBN (Electronic)	9780444627407
DOIs	https://doi.org/10.1016/B978-0-444-62731-5.00012-9
Publication status	Published - 2013

Series	Handbooks in Economics
ISSN	0169-7218

Keywords

Faculty of Social Sciences
Reputational cheap talk
Forecasting contest
Herding
Exaggeration
bias

Access to Document

10.1016/B978-0-444-62731-5.00012-9

Cite this

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