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dc.contributor.authorGubaydullina, Zuliaen
dc.contributor.authorHein, Oliveren
dc.contributor.authorSpiwoks, Markusen
dc.date.accessioned2011-08-15-
dc.date.accessioned2011-08-31T12:09:05Z-
dc.date.available2011-08-31T12:09:05Z-
dc.date.issued2011-
dc.identifier.citation|aJournal of Applied Finance & Banking|c1792-6599|v1|h1|nInternational Scientific Press|y2011|p31-51en
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
dc.language.isoengen
dc.publisher|aInternational Scientific Pressen
dc.subject.jelD03en
dc.subject.jelG17en
dc.subject.jelG12en
dc.subject.ddc330en
dc.subject.keywordbehavioral financeen
dc.subject.keywordstatus quo bias , bond market analystsen
dc.subject.keywordinterest rate forecastsen
dc.titleThe status quo bias of bond market analysts-
dc.typeArticleen
dc.identifier.ppn665965257en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
econstor.citation.journaltitleJournal of Applied Finance & Bankingen
econstor.citation.issn1792-6599en
econstor.citation.volume1en
econstor.citation.issue1en
econstor.citation.publisherInternational Scientific Pressen
econstor.citation.year2011en
econstor.citation.startpage31en
econstor.citation.endpage51en

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