Predicting the unpredictable: new experimental evidence on forecasting random walks

We investigate how individuals use measures of apparent predictability from price charts to predict future market prices. Subjects in our experiment predict both random walk times series, as in the seminal work by Bloomfield and Hales (2002) (BH), and stock price time series. We successfully replica...

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Bibliographic Details
Main Authors: Bao, Te, Corgnet, Brice, Hanaki, Nobuyuki, Riyanto, Yohanes E., Zhu, Jiahua
Other Authors: School of Social Sciences
Format: Journal Article
Language:English
Published: 2023
Subjects:
Online Access:https://hdl.handle.net/10356/172196