Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/103589
Authors: 
Pierdzioch, Christian
Rülke, Jan Christoph
Stadtmann, Georg
Year of Publication: 
2013
Citation: 
[Journal:] International Journal of Financial Studies [ISSN:] 2227-7072 [Publisher:] MDPI [Place:] Basel [Volume:] 1 [Year:] 2013 [Issue:] 1 [Pages:] 16-29
Abstract: 
We used the Wall Street Journal survey data for the period 2006-2012 to analyze whether forecasts of house prices and housing starts provide evidence of (anti-)herding of forecasters. Forecasts are consistent with herding (anti-herding) of forecasters if forecasts are biased towards (away from) the consensus forecast. We found that anti-herding is prevalent among forecasters of house prices. We also report that, following the recent crisis, the prevalence of forecaster anti-herding seems to have changed over time.
Subjects: 
forecasts
house prices
housing starts
herding
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/
Document Type: 
Article

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