Predicting the unpredictable: new experimental evidence on forecasting random walks

• المؤلفون الرئيسيون: Bao, Te, Corgnet, Brice, Hanaki, Nobuyuki, Riyanto, Yohanes E., Zhu, Jiahua
• مؤلفون آخرون: School of Social Sciences
• التنسيق: مقال
• اللغة: English
• منشور في: 2023
• الموضوعات: Social sciences::Economic theory; Asset Prices; Price Prediction
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/172196

We investigate how individuals use measures of apparent predictability from price charts to predict future market prices. Subjects in our experiment predict both random walk times series, as in the seminal work by Bloomfield and Hales (2002) (BH), and stock price time series. We successfully replica...