- Authors:
- DOI:
- 10.1016/j.jbankfin.2012.08.016
- Abstract:
- We analyze more than 20,000 forecasts of nine metal prices at four different forecast horizons. We document that forecasts are heterogeneous and report that anti-herding appears to be a source of this heterogeneity. Forecaster anti-herding reflects strategic interactions among forecasters that foster incentives to scatter forecasts around a consensus forecast. (C) 2012 Elsevier B.V. All rights reserved.
- Type:
- Journal article
- Language:
- English
- Published in:
- Journal of Banking and Finance, 2013, Vol 37, Issue 1, p. 150-158
- Keywords:
- Metal prices Forecasting Forecaster (anti-)herding EFFICIENCY EXCHANGE MARKETS COINTEGRATION
- Main Research Area:
- Social science
- Publication Status:
- Published
- Review type:
- Peer Review
- Submission year:
- 2013
- Scientific Level:
- Scientific
- ID:
- 232113750