The Efficiency of CAC Stock Price Forecasts: a Survey Based Perspective

Patricia Fraser and Ronald MacDonald

Revue Économique, 1993, vol. 44, issue 5, 991-1000

Abstract: [fre] The Efficiency of CAC Stock. Price Forecasts. A Survey Based Perspective. . Dans cet article, nous nous proposons d'analyser les problèmes relatifs à l'anticipation des cours boursiers en utilisant les réponses à une enquête qualitative sur l'indice général CAC. Nous examinons la rationalité des anticipations et le type de mécanisme qui caractérise le mieux les anticipations des agents. Nous trouvons, entre autres, que les anticipations sont non rationnelles et sont moins précises que des anticipations purement aléatoires.

Date: 1993
Note: DOI:10.3406/reco.1993.409492
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