Predictive Behavior is popular PDF and ePub book, written by Gunnar Brennscheidt in 2012-12-06, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Predictive Behavior can be Read Online from any device for your convenience.
Predictive Behavior Book PDF Summary
This book describes a series of laboratory experiments (with a total of 167 independent subjects) on forecasting behavior. In all experiments, the time series to be forecasted was generated by an abstract econometric model involving two or three artificial exogenous variables. This designprovides an optimal background for rational expectations and least-squares learning. As expected, these hypotheses do not explain observed forecasting behavior satisfactorily. Some phenomena related to this lack of rationality are studied: Concentration on changes rather than levels,underestimation of changes and overvaluation of volatile exogenous variables. Some learning behavior is observed. Finally, some aspects of individual forecasts such as prominence of "round" number, dispersion, etc.,are studied.
Detail Book of Predictive Behavior PDF
- Author : Gunnar Brennscheidt
- Release : 06 December 2012
- Publisher : Springer Science & Business Media
- ISBN : 9783642957185
- Genre : Business & Economics
- Total Page : 234 pages
- Language : English
- PDF File Size : 16,5 Mb
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