also finds that analysts' bias increases when information uncertainty is high. Thus, investors should understand the …

The fundamental indicators of stocks include information as well as the effects of noise and bias on the stock prices …; however, identifying the effects of noise and bias is generally difficult. In this article, I present the true fundamentals … hypothesis based on rational expectations and detect bias components from the actual fundamental indicators by using a log …

bias and herding in their stock recommendations occur due to incentives provided by relative performance evaluation and top …

This study investigates whether investor sentiment is associated with behavioral bias in managers' annual earnings … forecast bias is likely to be unintentional. In addition, I find that the relation between management earnings forecast bias …

, and financial analyst forecast optimistic bias. We find that firms that adopt clawback provisions are followed by more … financial analysts. We also find that financial analysts provide more accurate forecasts, and with less optimistic bias …

is mainly strategic or whether it also contains an element of cognitive bias. Despite the fact that forecast errors lack … stock returns, our new tests based on selection bias (SB1 and SB2), in conjunction with an analysis of abnormal trading … volume, confirm the presence of both cognitive bias and strategic behaviour in analyst forecasts. This shows that, although …

' forecast bias. Based on the theoretical literature on sell-side analysts, I argue that forecast bias is correlated to investors …

earnings forecast bias and forecast accuracy. To measure investor expectations, we use the Index of Consumer Expectations (ICE …

Status quo bias is a systematic cognitive error which makes it difficult for individuals to make decisions … status quo bias. We evaluated interest rate forecast series from twelve industrial nations. This revealed that, on average … significantly underestimated. -- behavioral finance ; status quo bias , bond market analysts ; interest rate forecasts …