Essay on Analyst Herding
This study investigates a dynamic model of analyst forecasting where the ordering of forecasts and analysts' information endowments are endogenously determined. Analysts are probabilistically informed, potentially biased, and can increase their informedness through information acquisition. I ch...
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| Language: | English |
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2016
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| Online Access: | https://doi.org/10.7916/D8862GJ9 |