Patric Andersson ()
Additional contact information
Patric Andersson: Center for economic psychology, Postal: Stockholm School of Economics, P.O. Box 6501, SE-113 83 Stockholm, Sweden
Abstract: In this manuscript, empirical research on performance of various types of financial experts is reviewed. Financial experts are used as the umbrella term for financial analysts, stockbrokers, money managers, investors, and day-traders etc. The goal of the review is to find out about the abilities of financial experts to produce accurate forecasts, to issue profitable stock recommendations, as well as to make successful investments and trades. On the whole, the reviewed studies show discouraging tendencies of the alleged excellence of financial experts.
Keywords: Behavioral finance; Expert judgment; Financial psychology; Forecasting; Investment; Trading; Performance
29 pages, August 23, 2004
Full text files
hastba2004_009.pdf Full text
Questions (including download problems) about the papers in this series should be directed to Helena Lundin ()
Report other problems with accessing this service to Sune Karlsson ().
RePEc:hhb:hastba:2004_009This page generated on 2024-09-13 22:18:20.