Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/263293 
Erscheinungsjahr: 
2022
Schriftenreihe/Nr.: 
ISER Discussion Paper No. 1156
Verlag: 
Osaka University, Institute of Social and Economic Research (ISER), Osaka
Zusammenfassung: 
We compare the performance of financial professionals (CFAs) with university students in four financial forecasting tasks ranging from simple lab prediction tasks to longitudinal field tasks. Although students and professionals performed similarly in the artificial forecasting tasks, their performance differed in the more realistic tasks. Yet, increasing the 'representativeness of the situation' in the lab tasks did not systematically benefit financial professionals as students outperformed CFAs when forecasting historical series. However, professionals outperformed students in the field task. Our results imply that the expertise of financial professionals might have been underestimated in previous works that focused on lab tasks.
Schlagwörter: 
Financial forecasting
financial professionals
financial literacy
cognitive skills
JEL: 
C91
C93
G17
D91
G41
Dokumentart: 
Working Paper

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