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How Expert Are the Experts?

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Author Info
J. S. Armstrong (The Wharton School)

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Abstract

If you want good forecasts for your industry, you should hire the best experts. Right? Well, maybe not. Certainly experts are in demand. Businessmen pay economists generously to tell them how the economy will change; brokerage firms give stock analysts large salaries to forecast company earnings; and politicians part with substantial fees for expert predictions, too.

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File URL: http://129.3.20.41/eps/get/papers/0502/0502027.pdf
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Publisher Info
Paper provided by EconWPA in its series General Economics and Teaching with number 0502027.

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Date of creation: 04 Feb 2005
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Handle: RePEc:wpa:wuwpgt:0502027

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Web page: http://129.3.20.41

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Related research
Keywords: experts; forecasting;

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A - General Economics and Teaching

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This page was last updated on 2009-12-9.

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