How Expert Are the Experts?

J. Scott Armstrong ()

General Economics and Teaching from EconWPA

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)
New Economics Papers: this item is included in nep-cbe and nep-cul
Date: 2005-02-04
Note: Type of Document - pdf

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http://129.3.20.41/eps/get/papers/0502/0502027.pdf (application/pdf)

Related works:
Working Paper: How Expert Are the Experts? (2005)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpgt:0502027

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