Prototyping a financial DSS

Michael Lawrence and William Sim

Omega, 1999, vol. 27, issue 4, 445-450

Abstract: This paper explores, by means of a laboratory study, the ability of a financial DSS of known theoretical merit to improve decision-making for currency and interest rate forecasting where typically the task is to forecast direction of movement and to assess confidence. The study finds that while the decision-making is improved in comparison with a control, most of the potential value of the DSS is lost. In addition, no improvement in confidence assessment is observed. Both the DSS users and the control group exhibit very poor calibration with confidence assessments uncorrelated with accuracy.

Keywords: Financial; DSS; Forecasting; Direction; forecasting; Confidence; DSS; assessment (search for similar items in EconPapers)
Date: 1999
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0305-0483(98)00069-3
Full text for ScienceDirect subscribers only

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:eee:jomega:v:27:y:1999:i:4:p:445-450

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

Access Statistics for this article

Omega is currently edited by B. Lev

More articles in Omega from Elsevier
Bibliographic data for series maintained by Catherine Liu ().