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[unable to retrieve full-text content]An explanation of over-reaction to new data starts with a principal agent model. The idea is that the forecasts are made by agents who are trying to impress people who pay for the forecasts. Another, and more important, case is that of professional money managers who are investing other people’s money and trying to convince […] The post Over-reaction to new data. What have you done for me lately ? appeared first on Angry Bear.
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Robert Waldmann considers the following as important: Forecasts, history, US EConomics
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[unable to retrieve full-text content][unable to retrieve full-text content]An explanation of over-reaction to new data starts with a principal agent model. The idea is that the forecasts are made by agents who are trying to impress people who pay for the forecasts. Another, and more important, case is that of professional money managers who are investing other people’s money and trying to convince […] The post Over-reaction to new data. What have you done for me lately ? appeared first on Angry Bear.
Topics:
Robert Waldmann considers the following as important: Forecasts, history, US EConomics
This could be interesting, too:
Angry Bear writes Wages Have Not Caught Up with Previous Inflation
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NewDealdemocrat writes Economic Data
Bill Haskell writes Industrial Policy
An explanation of over-reaction to new data starts with a principal agent model. The idea is that the forecasts are made by agents who are trying to impress people who pay for the forecasts. Another, and more important, case is that of professional money managers who are investing other people’s money and trying to convince […]
The post Over-reaction to new data. What have you done for me lately ? appeared first on Angry Bear.