How Expert Are the Experts?

J. Armstrong

General Economics and Teaching from University Library of Munich, Germany

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.

Keywords: experts; forecasting (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2005-02-04
New Economics Papers: this item is included in nep-cbe and nep-cul
Note: Type of Document - pdf
References: Add references at CitEc
Citations:

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/get/papers/0502/0502027.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpgt:0502027

Access Statistics for this paper

More papers in General Economics and Teaching from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ( this e-mail address is bad, please contact ).