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dc.contributor.authorGubaydullina, Zuliaen_US
dc.contributor.authorHein, Oliveren_US
dc.contributor.authorSpiwoks, Markusen_US
dc.date.accessioned2011-08-15en_US
dc.date.accessioned2011-08-31T12:09:05Z-
dc.date.available2011-08-31T12:09:05Z-
dc.date.issued2011en_US
dc.identifier.citationJournal of Applied Finance & Banking 1792-6599 1 2011 1 31-51en_US
dc.identifier.urihttp://hdl.handle.net/10419/49039-
dc.description.abstractStatus quo bias is a systematic cognitive error which makes it difficult for individuals to make decisions independently of the currently dominant situation. This study pursues the question of whether bond market analysts are affected by status quo bias. We evaluated interest rate forecast series from twelve industrial nations. This revealed that, on average, forecasts were much too close to the status quo - the current interest rate at the time when the forecast was made. With the aid of various analytical procedures it can be shown that the actual extent of interest rate changes is systematically and significantly underestimated.en_US
dc.language.isoengen_US
dc.subject.jelD03en_US
dc.subject.jelG17en_US
dc.subject.jelG12en_US
dc.subject.ddc330en_US
dc.subject.keywordbehavioral financeen_US
dc.subject.keywordstatus quo bias , bond market analystsen_US
dc.subject.keywordinterest rate forecastsen_US
dc.titleThe status quo bias of bond market analystsen_US
dc.typeArticleen_US
dc.identifier.ppn665965257en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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