ON THE IMPLICATIONS OF SPECIFICATION UNCERTAINTY IN FORECASTING
β Scribed by P. George Benson; B. Barry
- Book ID
- 109166888
- Publisher
- Decision Sciences Institute, Georgia State University
- Year
- 1982
- Tongue
- English
- Weight
- 455 KB
- Volume
- 13
- Category
- Article
- ISSN
- 0011-7315
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
This paper explores why expectations elicited from corporate decision-makers may fall short of the rational expectations ideal: the formation of an informed forecast may just not be part of the optimal management of uncertainty. The analysis of an investment decision shows that when forecasting is e
## Abstract The impact of presenting uncertainty in 5βday locationβspecific temperature forecasts on the decision making of nonβspecialists was tested in an experimental economics laboratory. Undergraduate students studying a range of disciplines were asked to select which of two criteria involving