21
14:15 - 15:45
IWH Research Seminar
NOV
2022
14:15 - 15:45
The Coherence Side of Rationality: Rules of Thumb, Narrow Bracketing, and Managerial Incoherence in Corporate Forecasts
We develop a theory of forecast coherence in a firm production setting, which yields a normative ex ante benchmark of first-best coherent forecasts and statistical tests to detect incoherence ex post. Under the null, the forecasts - and the forecast errors - of output and inputs are "close" to one another.
Who
(Bocconi University)
Where
Personal details
Stefano Rossi is a Professor of Finance in the Finance Department at Bocconi University, where he holds the Generali Chair in Insurance and Risk Management.
Whom to contact
Economist
If you have any further questions please contact me.
+49 345 7753-743 Request per E-Mail
