Pierdzioch, Christian; Rülke, Jan-Christoph - In: Economics Letters 116 (2012) 3, pp. 326-329
We use the Livingston survey data to study whether forecasters of the S&P 500 stock price index herd. Our results imply that forecasters do not herd. Rather, we find that forecasters anti-herd. Anti-herding is less prevalent among academics and Federal Reserve economists. Forecaster anti-herding...