Leitner, Johannes; Schmidt, Robert; Bofinger, Peter - Wirtschaftswissenschaftliche Fakultät, Bayerische … - 2003
reflected in the forecasting capabilities of professional analysts: all in all, analysts are not in a position to beat naïve … behavioural finance literature. To test whether this characteristic tends to be general human behaviour in an uncertain … environment, we analyse the forecasting behaviour of students experimentally, using a simulated currency series. Our results …